Published on 6/4/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.08 million market-linked notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 4 – Barclays Bank plc priced $2.08 million of 0% market-linked notes due June 4, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 100% of the index return, subject to a maximum return of 57%. If the final index level is less than or equal to the initial index level, the payout will be par.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes
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Underlying index: | S&P 500
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Amount: | $2,077,110
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Maturity: | June 4, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 100% of index return, subject to 57% maximum return; if final index level is less than or equal to initial index level, par
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Initial level: | 2,752.06
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Barclays
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 06747B506
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