Published on 9/30/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $612,000 buffered digital notes linked to Russell 2000
By Susanna Moon
Chicago, Sept. 30 – Barclays Bank plc priced $612,000 of 0% buffered digital notes due Sept. 29, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the digital return of 17%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying index: | Russell 2000 index
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Amount: | $612,000
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Maturity: | Sept. 29, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 17%; if index falls by up to 20%, par; otherwise, 1% loss per 1% drop beyond 20%
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Initial index level: | 1,119.33
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Pricing date: | Sept. 26
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Settlement date: | Sept. 30
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Agent: | Barclays
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Fees: | 2.45%
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Cusip: | 06741UJP0
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