New Issue: Barclays sells $4.49 million buffered PLUS on S&P MidCap 400

By Taylor Fox

Chicago, July 21 – Barclays Bank plc priced $4.49 million of 0% buffered Performance Leveraged Upside Securities due Feb. 3, 2023 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a cap of $12.20 per $10 amount of notes.

If the index falls, but not by more than 10%, the payout will be par.

If the index declines by more than 10%, investors will lose 1% for every 1% that the index declines beyond 10%.

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

Issuer:	Barclays Bank plc
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P MidCap 400
Amount:	$4,493,180
Maturity:	Feb. 3, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above its initial level, the payout at maturity will be $10 plus 200% of the index return, subject to a cap of $12.20 per $10 face amount of notes; if the index falls, but not by more than 10%, the payout will be par; if the index declines by more than 10%, investors will lose 1% for every 1% that the index declines beyond the 10% buffer
Initial level:	1,836.55
Buffer level:	1,652.895, 90% of initial level
Pricing date:	July 17
Settlement date:	July 22
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06747J632

© 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.