New Issue: Barclays sells $6.59 million capped buffer gears on SPDR S&P MidCap 400

By Marisa Wong

Los Angeles, July 15 – Barclays Bank plc priced $6,591,350 of 0% capped buffer gears due June 30, 2022 linked to the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 2 times the ETF return, capped at par plus 24.35%. Investors will receive par if the ETF declines by 10% or less and lose 1% for every 1% that the ETF declines beyond 10%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffer gears
Underlying ETF:	SPDR S&P MidCap 400 ETF Trust
Amount:	$6,591,350
Maturity:	June 30, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF return is greater than zero, par plus 2 times the ETF return, capped at par plus 24.35%; par if the ETF declines by 10% or less; 1% loss for every 1% ETF decline beyond 10%
Initial price:	$319.33
Downside threshold:	$287.40, 90% of initial price
Pricing date:	June 25
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and Barclays
Fees:	2%
Cusip:	06747H156

© 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.