Published on 9/17/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $15.18 million digital notes linked to S&P 500
By Marisa Wong
Madison, Wis., Sept. 17 - Barclays Bank plc priced $15.18 million of 0% digital notes due Aug. 18, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is at least negative 10%, the payout at maturity will be the maximum settlement amount of $1,096.50 for each $1,000 of notes.
If the return is less than negative 10%, investors will lose 1.1111% for every 1% decline beyond the 10% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying index: | S&P 500
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Amount: | $15,175,000
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Maturity: | Aug. 18, 2015
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index return is at least negative 10%, $1,096.50 for each $1,000 of notes; otherwise, 1.1111% loss for every 1% decline beyond 10% buffer
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Initial level: | 1,687.99
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Pricing date: | Sept. 13
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Settlement date: | Sept. 20
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Agent: | Barclays
|
Fees: | 1.8%
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Cusip: | 06741TJ57
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