E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/19/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.66 million one-year PLUS with cap linked to S&P 500

By Susanna Moon

Chicago, Dec. 19 - Barclays Bank plc priced $7.66 million of 0% Performance Leveraged Upside Securities due Dec. 29, 2014 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 of $10.00 plus triple any gain in the index, up to a maximum return of 10.65%.

Investors will be exposed to any losses.

Barclays is the agent with distribution through Morgan Stanley Wealth Management.

Issuer:Barclays Bank plc
Issue:Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$7,655,000
Maturity:Dec. 29, 2014
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus triple any index gain, capped at 10.65%; exposure to losses
Initial level:1,781
Pricing date:Dec. 17
Settlement date:Dec. 20
Agent:Barclays with Morgan Stanley Wealth Management
Fees:2%
Cusip:06742E174

© 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.