Published on 5/7/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.62 million capped return enhanced notes linked to Russell 2000
By Susanna Moon
Chicago, May 7 – Barclays Bank plc priced $2.62 million of 0% capped return enhanced notes due May 18, 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 17%.
Investors will be exposed to any losses.
Barclays is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | Barclays Bank plc
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| Issue: | Capped return enhanced notes
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| Underlying index: | Russell 2000
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| Amount: | $2,615,000
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| Maturity: | May 18, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 17%; exposure to any losses
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| Initial level: | 1,228.105
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| Pricing date: | May 1
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| Settlement date: | May 6
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| Underwriter: | Barclays
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 06741UVD3
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