Published on 3/13/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.57 million of buffered digital notes on Russell 2000
By Devika Patel
Knoxville, Tenn., March 13 – Barclays Bank plc priced $2.57 million of 0% buffered digital notes due Sept. 13, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the digital percentage of 13.75%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline beyond 10%.
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: | $2,572,000
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Maturity: | Sept. 13, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index return is greater than or equal to zero, par plus 13.75%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,360.12
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Pricing date: | March 9
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Settlement date: | March 14
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Agents: | Barclays
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Fees: | 0.75%
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Cusip: | 06741VNH1
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