Published on 12/17/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.5 million notes due 2020 linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., Dec. 17 – Barclays Bank plc priced $6.5 million of 0% notes due Dec. 18, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the gain, capped at par plus 21.19%.
If the index falls by up to 15%, the payout will be par.
Investors will be exposed to losses beyond 15%.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | S&P 500 index
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Amount: | $6.5 million
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Maturity: | Dec. 18, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus the gain, capped at par plus 21.19%; if the index falls by up to 15%, par; exposure to losses beyond 15%
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Initial level: | 2,650.54
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Threshold value: | 2,252.96. 85% of initial level
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Pricing date: | Dec. 13
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Settlement date: | Dec. 20
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06746V297
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