Published on 4/30/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.83 million return optimization notes tied to S&P 500
By Toni Weeks
San Luis Obispo, Calif., April 30 – Barclays Bank plc priced $2.83 million of 0% return optimization securities due May 31, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 10.5%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Return optimization securities
|
Underlying index: | S&P 500
|
Amount: | $2,834,200
|
Maturity: | May 31, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 300% of any index gain, capped at 10.5%; exposure to any losses
|
Initial index level: | 2,108.92
|
Pricing date: | April 27
|
Settlement date: | April 30
|
Agents: | UBS Financial Services Inc. and Barclays
|
Fees: | 2%
|
Cusip: | 06743P574
|
© 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.