New Issue: Barclays prices $3.95 million leveraged capped upside participation market-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – Barclays Bank plc priced $3.95 million of 0% market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside due Aug. 3, 2023 linked 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 2 times any gain in the index up to 17.1%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 10%.

Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying index:	S&P 500
Amount:	$3,953,000
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any gain in index up to 17.1%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10%
Initial level:	3,714.24
Buffer level:	3,342.816, 90% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agents:	Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:	2.975%
Cusip:	06747QV61

© 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.