Published on 4/2/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $6.7 million leveraged market-linked notes on S&P 500 ETF
By Sarah Lizee
Olympia, Wash., April 2 – Barclays Bank plc priced $6.7 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 4, 2021 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 140% times any ETF gain, up to a maximum return of 23%.
Investors will receive par if the ETF finishes flat or falls by up to 10% and lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC and Barclays are the agents
.
Issuer: | Barclays Bank plc
|
Issue: | Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying ETF: | SPDR S&P 500 ETF trust
|
Amount: | $6,703,000
|
Maturity: | Oct. 4, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.4 times any ETF gain, capped at par plus 23%; par if ETF falls by up to 10%; 1% loss for every 1% drop beyond 10%
|
Initial price: | $282.48
|
Buffer price: | $254.232, 90% of initial price
|
Pricing date: | March 29
|
Settlement date: | April 3
|
Agents: | Wells Fargo Securities, LLC and Barclays
|
Fees: | 2.77%
|
Cusip: | 06747MG34
|
© 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.