New Issue: Barclays sells $23.4 million capped market-linked notes with principal return on S&P 500

By William Gullotti

Buffalo, N.Y., March 14 – Barclays Bank plc priced $23.4 million of 0% market-linked securities – upside participation to a cap and principal return at maturity due Aug. 4, 2025 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 any gain in the index, subject to a maximum payout of par plus 18%.

Otherwise, investors will receive par.

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

Issuer:	Barclays Bank plc
Issue:	Market-linked securities – upside participation to a cap and principal return at maturity
Underlying index:	S&P 500 index
Amount:	$23,404,000
Maturity:	Aug. 4, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at par plus 18%; otherwise, par
Initial level:	4,017.77
Pricing date:	Jan. 30
Settlement date:	Feb. 2
Agents:	Barclays Capital Inc. and Wells Fargo Securities LLC
Fees:	2.975%
Cusip:	06749NDZ2

© 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.