Published on 4/20/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.67 million buffered PLUS on MidCap, SmallCap indexes
By Marisa Wong
Morgantown, W.Va., April 20 – Barclays Bank plc priced $3.67 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2020 linked to S&P MidCap 400 index and the S&P SmallCap 600 index, according to a 424B2 with the Securities and Exchange Commission.
If the return of each index is positive, the payout at maturity will be par of $10 plus 108.8% of the gain in the lesser performing index. Investors will receive par if the lesser performing index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying indexes: | S&P MidCap 400 index, S&P SmallCap 600 index
|
| Amount: | $3,670,890
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| Maturity: | Nov. 3, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If return of each index is positive, par plus 108.8% of return of lesser performing index; par if lesser performing index declines by 10% or less; 1% loss for every 1% that lesser performing index declines beyond 10%
|
| Initial levels: | 1,878.77 for MidCap, 938.46 for SmallCap
|
| Pricing date: | March 29
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| Settlement date: | April 4
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06746Q157
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