Published on 11/25/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.40 million capped return enhanced notes on S&P 500
New York, Nov. 25 – Barclays Bank plc priced $2.40 million of 0% capped return enhanced notes due Dec. 7, 2016 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 three times any gain in the index, up to a maximum return of 15.03%. Investors will be exposed to all losses.
Barclays is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | Barclays Bank plc
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Issue: | Capped return enhanced notes
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Underlying index: | S&P 500
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Amount: | $2,404,000
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Maturity: | Dec. 7, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus three times index return, subject to 15.03% maximum return; if index return is negative, full exposure to decline
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Initial level: | 2,089.17
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Final level: | Average of index’s closing levels on five trading days ending Dec. 2, 2016
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Pricing date: | Nov. 20
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Settlement date: | Nov. 25
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Underwriter: | Barclays
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Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 06741UV27
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