Published on 1/26/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.2 million capped leveraged notes on oil & gas ETF
By Marisa Wong
Morgantown, W.Va., Jan. 26 – Barclays Bank plc priced $2.2 million of 0% capped leveraged notes due Jan. 25, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum settlement amount of $1,705 for each $1,000 principal amount of notes.
Investors will be exposed to any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged notes
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Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $2,199,000
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Maturity: | Jan. 25, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any fund gain, up to maximum settlement amount of $1,705 for each $1,000 principal amount; full exposure to any losses
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Initial price: | $26.47
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Pricing date: | Jan. 22
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Settlement date: | Jan. 29
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06741U3W2
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