Published on 4/30/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $473,000 notes due 2024 tied to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, April 30 – Barclays Bank plc priced $473,000 of 0% notes due April 30, 2024 linked to the least performing of 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 1.5 times the gain of the worse performing index, subject to a maximum return of 41%.
If either index declines by up to 5%, investors will participate in the decline of the index.
If either falls by more than 5%, investors will receive the minimum payment of $950 per $1,000 amount of notes.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $473,000
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Maturity: | April 30, 2024
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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 1.5 times return of worse performing index, subject to a cap of 41%; if either index declines by up to 5%, participation in decline of the index; otherwise, minimum payment of $950 per $1,000 of notes
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Initial levels: | 2,926.17 for S&P and 1,575.61 for Russell
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | Barclays
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Fees: | 4.35%
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Cusip: | 06747MKS4
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