By Susanna Moon
Chicago, Jan. 4 – Barclays Bank plc priced $10.25 million of 0% buffered participation securities due Jan. 31, 2020 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 14.5%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered participation securities
|
| Underlying index: | S&P MidCap 400
|
| Amount: | $10.25 million
|
| Maturity: | Jan. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 14.5%; par for losses up to 10%; 1% loss for each 1% drop beyond 10%
|
| Initial level: | 1,911.28
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | Barclays with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2%
|
| Cusip: | 06746P811
|
|
|
|
|
© 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.
