Published on 8/29/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $951,000 buffered digital notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 29 – Barclays Bank plc priced $951,000 of 0% buffered digital notes due Feb. 28, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 15.75%. If the final index level is less than the initial index level but the index return is greater than or equal to negative 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $951,000
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Maturity: | Feb. 28, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 15.75%; if final index level is less than initial index level but index return is greater than or equal to negative 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 1,240.01
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Pricing date: | Aug. 25
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Settlement date: | Aug. 30
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Agent: | Barclays
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Fees: | 3%
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Cusip: | 06741V7A4
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