Published on 11/7/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.14 million capped PLUS due 2018 tied to Russell 2000
By Susanna Moon
Chicago, Nov. 7 – Barclays Bank plc priced $2.14 million of 0% Performance Leveraged Upside Securities due Feb. 5, 2018 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of $11.755 per PLUS.
Investors will be exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $2,144,100
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Maturity: | Feb. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any index gain, capped at 17.55%; exposure to any losses
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Initial level: | 1,191.388
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Agent: | Barclays with Morgan Stanley Wealth Management handling distribution
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Fees: | 1.75%
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Cusip: | 06744M802
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