Published on 7/11/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.07 million buffered digital plus notes on Russell
By Marisa Wong
Morgantown, W.Va., July 11 – Barclays Bank plc priced $1.07 million of 0% buffered digital plus notes due June 30, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout at maturity will be par plus the greater of 27% and the index return, capped at 50%.
If the index return is less than negative 15%, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered digital plus notes
|
Underlying index: | Russell 2000
|
Amount: | $1,065,000
|
Maturity: | June 30, 2022
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If the index return is at least negative 15%, par plus the greater of 27% and the index return, capped at 50%; otherwise, investors will lose 1% for every 1% decline beyond 15%
|
Initial index level: | 1,403.52
|
Pricing date: | June 27
|
Settlement date: | June 30
|
Agent: | Barclays
|
Fees: | 3.25%
|
Cusip: | 06741VXH0
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.