Published on 11/12/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $5.03 million leveraged market-linked notes on S&P 500
By Kiku Steinfeld
Chicago, Nov. 12 – Barclays Bank plc priced $5.03 million of 0% market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside due Feb. 3, 2023 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 1.25 times the index return, subject to a maximum return of 8.5%.
If the index falls by up to 7.5%, the payout will be par.
If the index falls by more than 7.5%, investors will lose 1% for every 1% decline of the index beyond 7.5%.
Barclays and Wells Fargo Securities, LLC are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside
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Underlying index: | S&P 500
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Amount: | $5,034,000
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Maturity: | Feb. 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than the initial index level, par plus 1.25 times the index return, subject to a maximum return of 8.5%; if the index falls by up to 7.5%, par; if the index falls by more than 7.5%, 1% loss for every 1% decline of the index beyond 7.5%
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Initial level: | 4,605.38
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Buffer level: | 4,259.9765, 92.5% of initial level
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Pricing date: | Oct. 29
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Settlement date: | Nov. 3
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Agents: | Barclays and Wells Fargo Securities, LLC
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Fees: | 2.125%
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Cusip: | 06748WKE2
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