By Marisa Wong
Morgantown, W.Va., June 13 – Barclays Bank plc priced $15.16 million of 0% dual directional trigger Performance Leveraged Upside Securities due June 3, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the gain, up to a maximum return of 30.2%.
If the fund falls by up to 20%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $15,155,500
|
| Maturity: | June 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, up to a maximum return of 30.2%; if fund falls by up to 20%, par plus the absolute value of the return; otherwise, investors will be fully exposed to any losses
|
| Initial price: | $41.20
|
| Trigger value: | $32.96, 80% of initial level
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06746J393
|
|
|
© 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.
