New Issue: Barclays sells $2.33 million capped buffered notes linked to S&P 500

By Marisa Wong

Los Angeles, Oct. 5 – Barclays Bank plc priced $2.33 million of 0% capped buffered notes due Oct. 14, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, capped at 8.15%.

If the final index level is less than or equal to the initial index level but greater than or equal to the buffer value, 80% of the initial index level, the payout will be par.

If the final index level is less than the buffer value, investors will lose 1.25% for every 1% that the index declines beyond 20%.

Barclays is the agent, and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffered notes
Underlying index:	S&P 500
Amount:	$2,325,000
Maturity:	Oct. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 8.15%; par if index finishes flat or falls by up to 20%; otherwise, 1.25% loss for every 1% that index declines beyond 20%
Initial level:	3,298.46
Buffer value:	2,638.77, 80% of initial level
Final level:	Average of index’s closing levels on five trading days ending Oct. 8, 2021
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	06747QKG1

© 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.