Published on 4/2/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.85 million trigger PLUS linked to S&P 500
By Susanna Moon
Chicago, April 2 - Barclays Bank plc priced $4.85 million of 0% trigger Performance Leveraged Upside Securities due April 3, 2020 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 130.75% of any index gain.
Investors will receive par if the index falls up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
Issuer: | Barclays Bank plc
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $4,852,000
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Maturity date: | April 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130.75% of any index gain; par if index falls by up to 40%; otherwise, exposure to losses
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Initial level: | 1,872.34
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Trigger level: | 1,123.40, 60% of the initial price
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Pricing date: | March 31
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Settlement date: | April 3
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Agent: | Barclays with Morgan Stanley Wealth Management as dealer
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Fees: | 3.5%
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Cusip: | 06741UBM5
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