| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Barclays to price 20- to 23-month digital notes linked to S&P 500
By Tali Rackner
Norfolk, Va., Aug. 29 – Barclays Bank plc plans to price 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 20 to 23 months.
If the index return is greater than or equal to negative 15%, the payout at maturity will be an amount equal to the maximum settlement amount, which is expected to be $1,076 to $1,089.30 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
The exact maturity date and maximum settlement amount will be set at pricing.
Barclays is the agent.
The Cusip number is 06741VAG7.
© 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.