Published on 9/4/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.61 million notes due 2023 linked to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Sept. 4 – Barclays Bank plc priced $2.61 million of 0% notes due Sept. 3, 2023 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain of the lesser performing index up to a maximum of par plus 42.3%.
Investors will be exposed to up to 5% of any decline of the lesser performing index, with a minimum payout of 95% of par.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Callable contingent coupon notes
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $2,606,000
|
Maturity: | Sept. 3, 2023
|
Contingent coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times any gain of lesser performing index up to a maximum of par plus 42.3%; exposure to up to 5% of any decline of the lesser performing index, with a minimum payout of 95% of par
|
Initial levels: | 2,897.52 for S&P and 1,728.42 for Russell
|
Pricing date: | Aug. 28
|
Settlement date: | Aug. 31
|
Agent: | Barclays
|
Fees: | 4.1%
|
Cusip: | 06746XME0
|
|
© 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.