New Issue: Barclays prices $2.24 million capped buffered notes tied to S&P 500

By Jennifer Chiou

New York, Sept. 9 – Barclays Bank plc priced $2,236,000 of 0% capped buffered notes due Sept. 9, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum payout of $1,110 per $1,000 principal amount of notes.

Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped buffered notes
Underlying index:	S&P 500
Amount:	$2,236,000
Maturity:	Sept. 9, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in the index, capped at 11%; par for losses up to 20%; exposure to any losses beyond 20% at a rate of 1.25% for every 1% decline
Initial level:	2,007.71
Pricing date:	Sept. 5
Settlement date:	Sept. 12
Agent:	Barclays
Fees:	1.74%
Cusip:	06741UJE5

© 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.