Published on 6/1/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $8.94 million Leveraged Index Return Notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 1 – Barclays Bank plc priced $8.94 million of 0% Leveraged Index Return Notes due May 24, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 147.2% of any index return.
Investors will be fully exposed to any decline in the index.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $8,940,510
|
| Maturity: | May 24, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 147.2% of any index gain; exposure to any losses
|
| Initial level: | 2,090.10
|
| Pricing date: | May 26
|
| Settlement date: | June 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 06744K525
|
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