By William Gullotti
Buffalo, N.Y., Aug. 16 – Barclays Bank plc priced $2 million of 0% capped Accelerated Return Notes due Oct. 3, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index return is greater than or equal to 18%, the payout will be par plus 25.2%.
If the index return is less than 18%, but the index finishes at or above 88% of initial level, the payout at maturity will be par plus 84% of the return exceeding the 88% buffer.
If the index falls below the 88% buffer, but finishes at or above 68% of initial level, investors will lose 1.6% for every 1% decline in the index below the buffer.
If the index finishes below 68% of initial level, investors will lose 1% for every 1% decline in the index from its initial level.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped Accelerated Return Notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $2,000,000
|
| Maturity: | Oct. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is greater than 18%, par plus 25.2%; if the index return is less than 18%, but the index finishes at or above 88% of initial level, par plus 84% of the return exceeding the 88% buffer; if the index finishes below the buffer but at or above 68% of initial level, lose 1.5% for every 1% decline below 12%; otherwise, lose 1% for every 1% decline from initial level
|
| Initial index level: | Average of index’s closing levels on every trading day from Aug. 9 to Nov. 4
|
| Final index level: | Average of index’s closing levels on every trading day from July 1, 2024 to Sept. 30, 2024
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 16
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.5%
|
| Cusip: | 06748WCP6
|
|
|
© 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.
