Published on 7/23/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.90 million leveraged buffered market-linked notes on S&P 500
By Marisa Wong
Morgantown, W.Va., July 23 – Barclays Bank plc priced $3,902,000 of 0% market-linked notes – leveraged upside participation to a cap and fixed percentage buffered downside – due July 5, 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 1.5 times any index gain, up to a maximum return of 55%.
If the index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 15%.
Wells Fargo Securities, LLC and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | S&P 500
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Amount: | $3,902,000
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Maturity: | July 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum return of 55%; par if index falls by up to 15%; otherwise, 1% loss for every 1% index decline beyond 15%
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Initial level: | 2,718.37
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Threshold level: | 2,310.6145, 85% of initial level
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Pricing date: | June 29
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Settlement date: | July 5
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Agents: | Wells Fargo Securities, LLC and Barclays
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Fees: | 4.525%
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Cusip: | 06746XDV2
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