Published on 10/20/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.18 million capped buffer gears on S&P 500
By William Gullotti
Buffalo, N.Y., Oct. 20 – Barclays Bank plc priced $4.18 million of 0% capped buffer gears due July 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the return, up to a maximum gain of 11.65%.
If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline below 10%.
Barclays and UBS Financial Services Inc. are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Capped buffer gears
|
Underlying index: | S&P 500 index
|
Amount: | $4,181,700
|
Maturity: | July 31, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus double any index gain, return capped at 11.65%; par if index falls by up to 10%; otherwise, lose 1% for every 1% decline beyond 10%
|
Initial level: | 4,401.46
|
Downside threshold: | 3,961.31, 90% of initial level
|
Pricing date: | July 27
|
Settlement date: | July 30
|
Agents: | Barclays and UBS Financial Services Inc.
|
Fees: | 2%
|
Cusip: | 06747W377
|
|
© 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.