By Marisa Wong
Morgantown, W.Va., Aug. 1 – Barclays Bank plc priced $5 million of 0% buffered jump securities due Jan. 30, 2019 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 swap rate is at least 90% of the initial swap rate, the payout at maturity will be par plus a fixed percentage of 9.5%.
If the final rate is less than the 90% threshold rate, investors will lose 1% for every 1% decline beyond the 10% buffer.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered jump securities
|
| Underlying: | 10-year U.S. dollar ICE swap rate
|
| Amount: | $5 million
|
| Maturity: | Jan. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final swap rate is at least 90% of the initial swap rate, par plus 9.5%; otherwise, 1% loss for every 1% decline beyond the 10% buffer
|
| Initial swap rate: | 2.23% (not equal to swap rate on pricing date)
|
| Threshold swap rate: | 2.007%, or 90% of initial rate
|
| Pricing date: | July 25
|
| Settlement date: | July 28
|
| Agent: | Barclays
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 06744CDE8
|
|
|
© 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.
