New York, Aug. 14 – Barclays Bank plc priced $50.95 million of 0% dual directional buffered PLUS due Aug. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout will be par plus 150% of the stock return subject to a maximum return of par plus 18.65%.
The payout will be par plus the absolute value of the stock return if the stock declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the stock declines beyond the buffer.
The securities are non-callable.
Morgan Stanley Wealth Management is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Dual directional buffered PLUS
|
| Underlying indexes: | S&P 500 index
|
| Amount: | $50.95 million
|
| Maturity: | Aug. 5, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains par plus 150% of stock return subject to a maximum return of par plus 18.65%; par plus absolute value of stock return if stock declines but by no more than the 15% buffer; 1% loss for every 1% that stock declines beyond buffer
|
| Upside leverage: | 150%
|
| Cap: | 18.65%
|
| Buffer: | 15%
|
| Call: | Non-callable
|
| Initial level: | 4,588.96
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 06745MSK5
|
|
|
|
|
© 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.
