New Issue: Barclays prices $455,000 buffered jump securities on 10-year swap rate

By Wendy Van Sickle

Columbus, Ohio, June 15 – Barclays Bank plc priced $455,000 of 0% buffered jump securities due July 17, 2017 linked to the 10-year U.S. Dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

If the final swap rate is greater than or equal to the threshold swap rate, 85% of the initial swap rate, the payout at maturity will be par plus the fixed percentage of 11.5%.

Investors will lose 1% for every 1% decline in the swap rate beyond 15%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered jump securities
Underlying rate:	10-Year U.S. Dollar ICE swap rate
Amount:	$455,000
Maturity:	July 17, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least 85% of initial swap rate, par plus fixed return of 11.5%; 1% loss for each 1% decline beyond 15%
Initial swap rate:	1.512%
Threshold swap rate:	1.285%, 85% of initial rate
Pricing date:	June 10
Settlement date:	June 17
Agent:	Barclays
Fees:	1.25%
Cusip:	06741V4Z2

© 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.