Published on 10/18/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.57 million PLUS linked to Financial Select Sector SPDR
By Angela McDaniels
Tacoma, Wash., Oct. 18 – Barclays Bank plc priced $2.57 million of 0% Performance Leveraged Upside Securities due Feb. 5, 2018 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par of $10 plus 300% of the ETF return, subject to a maximum return of 18.05%. If the ETF return is negative, investors will be exposed to the decline.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | Financial Select Sector SPDR fund
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Amount: | $2,572,810
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Maturity: | Feb. 5, 2018
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If ETF return is positive, par plus 300% of ETF return, subject to 18.05% maximum return; if ETF declines, full exposure to decline
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Initial share price: | $19.42
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Pricing date: | Oct. 14
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Settlement date: | Oct. 19
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Agent: | Barclays
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 06745B219
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