Published on 7/10/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $808,000 buffered digital notes due 2020 tied to S&P 500
By Devika Patel
Knoxville, Tenn., July 10 – Barclays Bank plc priced $808,000 of 0% buffered digital notes due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index gains or declines by 15% or less, the payout at maturity will be par plus the digital percentage of 17%.
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: | $808,000
|
| Maturity: | Dec. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index gains or declines by 15% or less, par plus 17%; 1% loss for every 1% that index declines beyond 15%
|
| Initial index level: | 2,419.38
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agents | Barclays
|
| Fees: | 3%
|
| Cusip: | 06741VXL1
|
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