Published on 12/26/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.6 million 5% coupon buffered notes linked to Russell
By Susanna Moon
Chicago, Dec. 18 – Barclays Bank plc priced $1.6 million of 5% buffered notes due Nov. 30, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par unless the underlying asset falls by more than 11%, in which case investors will be exposed to any losses beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered notes
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Underlying asset: | Russell 2000 index
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Amount: | $1,601,000
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Maturity: | Nov. 30, 2023
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Coupon: | 5%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless either asset falls by more than 11%, in which case 1% loss per 1% decline beyond 11%
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Initial level: | 1,492.86
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | Barclays
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Fees: | 3.25%
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Cusip: | 06746XWD1
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