Published on 9/14/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.67 million capped leveraged buffered notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 14 – Barclays Bank plc priced $4.67 million of 0% capped leveraged buffered notes due March 15, 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 1.4 times any index gain, up to a maximum payout of $1,188.30 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% that it declines beyond 12.5%.
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: | $4,665,000
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Maturity: | March 15, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.4 times any index gain, subject to 18.83% maximum return; par if index falls by up to 12.5%; 1.1429% loss per 1% drop beyond 12.5%
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Initial index level: | 1,952.29
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Pricing date: | Sept. 10
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Settlement date: | Sept. 17
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Underwriter: | Barclays
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Fees: | None
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Cusip: | 06741UK37
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