Published on 10/17/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.05 million leveraged notes with 95% floor on indexes
By Susanna Moon
Chicago, Oct. 17 – Barclays Bank plc priced $4.05 million of 0% notes Sept. 28, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above is initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index up to a maximum return of 43%.
If either index falls, the payout will be par plus the return of the worse performing index with a minimum payout of $950 per $1,000 principal amount.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying assets: | Russell 2000 index and S&P 500 index
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Amount: | $4,046,000
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Maturity: | Sept. 28, 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 return of worse performing index, capped at 43% and floor of 95% of par
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Initial levels: | 2,915.56 for S&P, 1,708.81 for Russell
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | Barclays
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Fees: | 4.35%
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Cusip: | 06746XPR8
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