Published on 5/27/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $24.58 million capped leveraged buffered notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., May 27 – Barclays Bank plc priced $24.58 million of 0% capped leveraged buffered notes due May 29, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum settlement amount of $1,214.20 for each $1,000 principal amount of notes. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $24,578,000
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Maturity: | May 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.4 times any index gain, up to maximum settlement amount of $1,214.20 for each $1,000 principal amount; par if index falls by up to 15%; 1.765% loss for every 1% decline beyond 15%
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Initial index level: | 2,090.54
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Pricing date: | May 25
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Settlement date: | June 2
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741V3W0
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