Published on 4/4/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $173,000 digital plus notes tied to Russell 2000, S&P 500
By Wendy Van Sickle
Columbus, Ohio, April 4 – Barclays Bank plc priced $173,000 of 0% digital plus notes due March 31, 2022 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 60% barrier level, the payout at maturity will be par plus the greater of the 25% digital return and the gain of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Digital plus notes
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $173,000
|
Maturity: | March 31, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final level of each index is greater than or equal to barrier level, par plus greater of lesser-performing index return and 25%; otherwise, 1% loss for each 1% decline of worse-performing index from initial level
|
Initial levels: | 2,358.57 for S&P, 1,367.26 for Russell
|
Barrier levels: | 1,415.14 for S&P, 820.36 for Russell, 60% of initial levels
|
Pricing date: | March 28
|
Settlement date: | March 31
|
Agent: | Barclays
|
Fees: | 3.5%
|
Cusip: | 06741VMN9
|
|
© 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.