New Issue: Barclays sells $1.62 million leveraged market-linked notes on Financial Select ETF

By Marisa Wong

Morgantown, W.Va., April 20 – Barclays Bank plc priced $1.62 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due April 4, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% times any ETF gain, up to a maximum return of 44%.

Investors will receive par if the ETF finishes flat or falls by up to 15% and lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying ETF:	Financial Select Sector SPDR fund
Amount:	$1,618,000
Maturity:	April 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any ETF gain, capped at 44%; par if ETF falls by up to 15%; 1% loss for every 1% drop beyond 15%
Initial price:	$27.57
Threshold price:	$23.4345
Pricing date:	March 29
Settlement date:	April 4
Agents:	Wells Fargo Securities, LLC and Barclays
Fees:	4%
Cusip:	06744CYR6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.