New Issue: Barclays prices $2.21 million PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 2 – Barclays Bank plc priced $2.21 million of 0% Performance Leveraged Upside Securities due Aug. 5, 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 of $10 plus 300% of the index return, subject to a maximum return of 13%. If the index return is negative, investors will be exposed to the decline.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Barclays Bank plc
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$2,208,500
Maturity:	Aug. 5, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum return of 13%; if index return is negative, exposure to decline
Initial level:	2,945.83
Pricing date:	April 30
Settlement date:	May 3
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	06747A722

© 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.