New Issue: Barclays prices $4.57 million buffered PLUS linked to S&P MidCap 400

By Wendy Van Sickle

Columbus, Ohio, June 24 – Barclays Bank plc priced $4.57 million of 0% buffered Performance Leveraged Upside Securities due June 20, 2023 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, up to par plus 24.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Barclays is the agent with Morgan Stanley Wealth Management as a dealer.

Issuer:	Barclays Bank plc
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P MidCap 400
Amount:	$4,573,330
Maturity:	June 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, capped at par plus 24.5%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,784.72
Buffer level:	1,606.248, 90% of initial level
Pricing date:	June 19
Settlement date:	June 24
Agent:	Barclays with Morgan Stanley Wealth Management as a dealer
Fees:	3%
Cusip:	06747H255

© 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.