Published on 2/15/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays Bank prices $4.10 million Buffered PLUS linked to S&P 500
New York, Feb. 15 – Barclays Bank plc priced $4.10 million of 0% Buffered PLUS due Aug. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 200% of the return, subject to a maximum return of par plus 29.3%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered PLUS
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,095,740
|
| Maturity: | Aug. 5, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If return of index is positive, par plus 200% of the index's return, subject to a maximum return of par plus 29.3%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 4,076.6
|
| Buffer level: | 3,668.94, 90% of initial level
|
| Upside leverage: | 200%
|
| Cap: | 29.3%
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3% including a structuring fee of 0.5%
|
|
|
| Cusip: | 06748D469
|
|
|
|
|
© 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.
