Published on 6/8/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $939,000 notes tied to S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, June 8 – Barclays Bank plc priced $939,000 of 0% notes due June 4, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the gain of the worse performing index, up to a 38% maximum gain.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index, with a minimum payout of 95% of par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying indexes: | S&P 500 index and Russell 2000 index
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Amount: | $939,000
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Maturity: | June 4, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus return of worse performing index, subject to a 38% maximum gain; otherwise, par plus return of worse performing index, floor of 95% of par
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Initial levels: | 2,705.27 for S&P, 1,633.6 for Russell
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Barclays
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Fees: | 1.85%
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Cusip: | 06746XAV5
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