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