E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/20/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $8.68 million capped market plus notes on Alerian MLP

By Susanna Moon

Chicago, April 20 – Barclays Bank plc priced $8.68 million of 0% capped market plus notes due June 2, 2017 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout at maturity will be par plus the greater of 1.5 times any gain up to a maximum return of 31.575% and a digital return of 13%.

Investors will receive par if the fund falls by up to 15% and will be exposed to any losses beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Capped market plus notes
Underlying fund:Alerian MLP ETF
Amount:$8,683,000
Maturity:June 2, 2017
Coupon:0%
Price:Par
Payout at maturity:If fund gains, par plus 1.5 times any gain, capped at 31.575% and floor of 10%; par if fund falls by up to 15%; exposure to any losses beyond 15%
Initial level:$11.26
Barrier level:$7.32, 65% of initial price
Pricing date:April 18
Settlement date:April 21
Agent:Barclays
Fees:None
Cusip:06741V2F8

© 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.