Published on 1/27/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.24 million digital notes due 2018 linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Jan. 27 – Barclays Bank plc prices $4.24 million of 0% digital notes due July 27, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 14.56%.
If the index falls by up to its barrier level, 80% of its initial level, investors will receive par. Investors will be fully exposed to the loss if the index falls by more than 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying index: | Russell 2000
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Amount: | $4,235,000
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Maturity: | July 27, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index finishes at or above initial level, par plus 14.56%; if the index falls by up to 20%, par; otherwise, full exposure to loss
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Initial index level: | 1,369.21
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Pricing date: | Jan. 24
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Settlement date: | Jan. 27
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Agents: | Barclays
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Fees: | 1.5%
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Cusip: | 06741VHG0
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