Published on 9/18/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.73 million five-year market-linked notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 18 – Barclays Bank plc priced $3.73 million of 0% market-linked notes due Sept. 15, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 29.75%. If the index finishes flat or falls, the payout will be par.
Barclays is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3.73 million
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Maturity: | Sept. 15, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 29.75%; if index finishes flat or falls, par
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Initial index level: | Average of index closing levels on 21 trading days from and including pricing date
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Pricing date: | Sept. 11
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Settlement date: | Sept. 14
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 06746M107
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