Published on 5/20/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.2 million buffered jump notes linked to dollar ICE swap rate
By Angela McDaniels
Tacoma, Wash., May 20 – Barclays Bank plc priced $1.2 million of 0% buffered jump securities due June 26, 2017 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
If the final reference rate is greater than or equal to the threshold reference rate, 85% of the initial reference rate, the payout at maturity will be par plus 10.9%. Otherwise, investors will lose 1% for every 1% that the swap rate declines below the threshold reference rate.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
|
Issue: | Buffered jump securities
|
Underlying rate: | 10-year U.S. dollar ICE swap rate
|
Amount: | $1.2 million
|
Maturity: | June 26, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final reference rate is greater than or equal to threshold reference rate, par plus 10.9%; otherwise, 1% loss for every 1% that swap rate declines beyond 15%
|
Initial reference rate: | 1.682
|
Threshold reference rate: | 1.420, 85% of initial reference rate
|
Pricing date: | May 18
|
Settlement date: | May 26
|
Agent: | Barclays
|
Selected dealer: | Morgan Stanley Wealth Management
|
Fees: | 1.25%
|
Cusip: | 06741V3T7
|
© 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.