Published on 9/13/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $820,000 capped buffered return notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – Barclays Bank plc priced $820,000 of 0% capped buffered return enhanced notes due Sept. 2, 2020 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 2 times any index gain, up to a maximum payout of par plus 15.4%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
|
Issue: | Capped buffered return enhanced notes
|
Underlier: | S&P 500 index
|
Amount: | $820,000
|
Maturity: | Sept. 2, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any index gain, capped at par plus 15.4%; par if index declines by up to 20%; 1.25% loss for every 1% decline beyond 20%
|
Initial value: | 2,901.52
|
Pricing date: | Aug. 31
|
Settlement date: | Sept. 6
|
Agents: | Barclays, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
|
Fees: | 1.5%
|
Cusip: | 06746XNH2
|
|
© 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.