Published on 7/28/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.06 million buffered digital notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 28 – Barclays Bank plc priced $4.06 million of 0% buffered digital notes due Jan. 29, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 18.5%. If the final index level is less than the initial index level but the index return is greater than or equal to negative 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered digital notes
|
Underlying index: | S&P 500
|
Amount: | $4.06 million
|
Maturity: | Jan. 29, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 18.5%; if index declines by 15% or less, par; otherwise, 1% loss for every 1% that index declines beyond 15%
|
Initial index level: | 2,169.18
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Agent: | Barclays
|
Fees: | 3%
|
Cusip: | 06741V6B3
|
© 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.