E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/9/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $93,000 notes on S&P 500 and Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 9 – Barclays Bank plc priced $93,000 of notes due March 31, 2023 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times the return of the least performing index, subject to a maximum return of 18.5%.

Investors will be exposed to the first 5% of any losses of the lesser-performing index with a minimum payout of $950 per $1,000 principal amount of notes.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlier:S&P 500 and Russell 2000
Amount:$93,000
Maturity:March 31, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times the least performing index with a cap of 18.5% return; exposure to the first 5% of any losses of the lesser-performing index with a minimum payout of $950 per $1,000 principal amount of notes
Initial level:2,976.74 for S&P, 1,523.37 for Russell
Pricing date:Sept. 30
Settlement date:Oct. 3
Agent:Barclays
Fees:1.65%
Cusip:06747NGC2

© 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.