Published on 4/29/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.11 million capped leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 29 – Barclays Bank plc priced $2.11 million of 0% capped leveraged buffered notes due May 3, 2017 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 1.5 times any index gain, up to a maximum payout of $1,173.25 per $1,000 note. 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%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $2.11 million
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Maturity: | May 3, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, subject to 17.325% maximum return; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
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Initial index level: | 2,108.92
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Pricing date: | April 27
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Settlement date: | May 5
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Underwriter: | Barclays
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Fees: | 2%
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Cusip: | 06741UUN2
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