New Issue: Barclays sells $1.25 million leveraged market-linked notes on energy fund

By Wendy Van Sickle

Columbus, Ohio, Aug. 11 – Barclays Bank plc priced $1.25 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Feb. 3, 2021 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.7 times any fund gain up to a maximum gain of 39%. If the fund finishes flat or falls by up to 15%, the payout will be par.

Otherwise, investors will be exposed to the fund decline beyond 15%.

Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying fund: Energy Select Sector SPDR Fund
Amount:	$1,252,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.7 times any fund gain, up to maximum gain of 39%; if fund finishes flat or falls by up to 15%, par; otherwise, investors will be exposed to losses beyond 15%
Initial level:	$66.62
Threshold level:	$56.627, 85% of initial level
Pricing date:	July 31
Settlement date:	Aug. 3
Agents:	Wells Fargo Securities, LLC and Barclays Capital Inc.
Fees:	3.32%
Cusip:	06744CCN9

© 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.