Published on 10/1/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.70 million capped leveraged buffered notes linked to S&P 500 index
New York, Oct. 1 – Barclays Bank plc priced $1.70 million of 0% capped leveraged buffered index-linked notes due Oct. 4, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 150% of any index gain, up to a maximum payout of $1,162.75 per $1,000 note.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Barclays is the underwriter.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered index-linked notes
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Underlying index: | S&P 500
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Amount: | $1,695,010
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Maturity: | Oct. 4, 2016
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 150% of any index gain, capped at a maximum payout of 16.275%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
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Initial index level: | 1,977.80
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Buffer level: | 90% of initial level
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Pricing date: | Sept. 29
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Settlement date: | Oct. 6
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Underwriter: | Barclays
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Fees: | 2%
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Cusip: | 06741UJV7
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