New Issue: Barclays prices $4.83 million 6.1% buffered fixed-rate notes on S&P 500

By William Gullotti

Buffalo, N.Y., April 6 – Barclays Bank plc priced $4.83 million of 6.1% buffered fixed-coupon notes due April 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the index finishes at or above 85% of the initial level, the payout at maturity will be par.

Otherwise, investors will share in losses at a rate of 1% per 1% drop beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed-coupon notes
Underlying index:	S&P 500 index
Amount:	$4,826,000
Maturity:	April 2, 2026
Coupon:	6.1% annual rate, payable quarterly
Price:	Par
Payout at maturity:	If index finishes at or above 85% of initial level, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial level:	3,971.27
Buffer level:	3,375.58; 85% of initial level
Pricing date:	March 28
Settlement date:	March 31
Underwriter:	Barclays
Fees:	2.75%
Cusip:	06749NTW2

© 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.