New Issue: Barclays prices $7.02 million trigger PLUS tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 9 – Barclays Bank plc priced $7.02 million of 0% trigger Performance Leveraged Upside Securities due Sept. 5, 2025 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 119.75% of the index return. If the index declines by 10% or less, the payout will be par. If the index declines by more than 10%, investors will lose 1% for every 1% that the index declines from its initial level.

Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	Barclays Bank plc
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$7,015,550
Maturity:	Sept. 5, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 119.75% of the index return; if the index declines by 10% or less, the payout will be par; if the index declines by more than 10%, investors will lose 1% for every 1% that the index declines from its initial level
Initial index level:	3,500.31
Trigger level:	3,150.28, 90% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	Barclays
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06747J129

© 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.