Published on 4/9/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $493,000 buffered digital plus notes on S&P 500
By Marisa Wong
Morgantown, W.Va., April 9 – Barclays Bank plc priced $493,000 of 0% buffered digital plus notes due March 31, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout at maturity will be par plus the greater of 27% and the index return, capped at 50%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered digital plus notes
|
Underlying index: | S&P 500
|
Amount: | $493,000
|
Maturity: | March 31, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is at least negative 15%, par plus the greater of 27% and the index return, capped at 50%; otherwise, 1% loss for every 1% decline beyond 15%
|
Initial index level: | 2,658.55
|
Pricing date: | March 26
|
Settlement date: | March 29
|
Agent: | Barclays
|
Fees: | 3.3%
|
Cusip: | 06744CYL9
|
|
© 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.