By Wendy Van Sickle
Columbus, Ohio, June 2 – Barclays Bank plc priced $21.5 million of 0% trigger PLUS notes due June 3, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of the index return if the final index value is greater than its initial value.
If the final index falls by no more than 20%, the payout will be par.
If the final value falls more than 20%, investors will be fully exposed to the loss of the index.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger PLUS notes
|
| Underlying index: | S&P 500
|
| Amount: | $21,502,810
|
| Maturity: | June 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of index return if final index value is above initial value; par if final value falls but no more than 20%; if index falls more than 20% investors will be fully exposed to losses of index
|
| Initial level: | 3,044.31
|
| Trigger level: | 2,435.45, 80% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 06747H677
|
|
|
© 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.
