By Susanna Moon
Chicago, June 12 – Barclays Bank plc priced $4.46 million of 0% market-linked notes – leveraged upside participation to a cap and fixed percentage buffered downside due June 6, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 54%.
Investors will receive par if the index falls by up to 15% and lose 1% for each 1% decline beyond 15%.
Barclays and Wells Fargo Securities, LLC are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked notes – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $4.46 million
|
| Maturity: | June 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 54%; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
|
| Initial level: | 2,705.27
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agents: | Barclays and Wells Fargo Securities, LLC
|
| Fees: | 4.42%
|
| Cusip: | 06746XA86
|
|
|
|
|
© 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.
