Published on 9/5/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.33 million 4.16% buffered notes tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., Sept. 5 – Barclays Bank plc priced $4.33 million of 4.16% buffered notes due Aug. 31, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will be exposed to any losses beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered notes
|
| Underlying index: | Russell 2000
|
| Amount: | $4,333,000
|
| Maturity: | Aug. 31, 2022
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| Coupon: | 4.16%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If index return is at least negative 15%, par; otherwise, exposure to losses beyond 15%
|
| Initial level: | 1,382.23
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | Barclays
|
| Fees: | 3.25%
|
| Cusip: | 06744CEZ0
|
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