Published on 12/27/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $50.39 million Capped Leveraged Index Return Notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 27 – Barclays Bank plc priced $50.39 million of 0% Capped Leveraged Index Return Notes due Feb. 28, 2020 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 of $10 plus double any index gain, up to a maximum return of 14.02%.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
BofA Merrill Lynch is the agent.
Issuer: | Barclay Bank plc
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | S&P 500 index
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Amount: | $50,392,380
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Maturity: | Feb. 28, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, up to a maximum return of 14.02%; par if the index falls by up to 5%; 1% loss for every 1% decline beyond 5%
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Initial level: | 2,467.42
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Threshold level: | 2,344.05, 95% of initial level
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Pricing date: | Dec. 20
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Settlement date: | Dec. 28
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06746V438
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