Published on 12/24/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $240,000 buffered digital plus notes linked to the Dow
By Jennifer Chiou
New York, Dec. 24 - Barclays Bank plc priced $240,000 of 0% buffered digital plus notes due Dec. 28, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the digital return of 20%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered digital plus notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $240,000
|
Maturity: | Dec. 28, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus return with floor of 20% if index gains of finishes flat; par if index falls by 15% or less; exposure to losses beyond 15%
|
Initial index level: | 16,294.61
|
Pricing date: | Dec. 23
|
Settlement date: | Dec. 27
|
Agent: | Barclays
|
Fees: | 2.5%
|
Cusip: | 06741T2S5
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.