Published on 5/31/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.29 million buffered digital plus notes on S&P 500
By Sarah Lizee
Olympia, Wash., May 31 – Barclays Bank plc priced $1.29 million of 0% buffered digital plus notes due May 31, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is at least negative15%, the payout at maturity will be par plus the greater of 25% and the index return, capped at 50%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered digital plus notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,288,000
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Maturity: | May 31, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is at least negative 15%, par plus the greater of 25% and the index return, capped at 50%; otherwise, 1% loss for every 1% decline beyond 15%
|
Initial index level: | 2,802.39
|
Pricing date: | May 28
|
Settlement date: | May 31
|
Agent: | Barclays
|
Fees: | 3.3%
|
Cusip: | 06747MS23
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