New Issue: Barclays prices $3 million buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 31 - Barclays Bank plc priced $3 million of 0% buffered notes due Aug. 3, 2015 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 the index return, subject to a maximum return of 29.5%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% that it declines beyond 10%, if any.

Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as agents.

Issuer:	Barclays Bank plc
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Aug. 3, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, subject to 29.5% cap; par if index falls by 10% or less; 1.1111% loss per 1% drop beyond 10%
Initial index level:	1,685.33
Pricing date:	July 29
Settlement date:	Aug. 1
Underwriter:	Barclays
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.42%
Cusip:	06741TA31

© 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.