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 3/9/2018 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $2.11 million buffered notes linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, March 9 – Barclays Bank plc priced $2.11 million of 0% buffered notes due March 10, 2020 linked to the Russell 2000 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 plus 15%.

If the index falls by up to 23.25%, the payout will be par plus half of the absolute value of the return.

Investors will lose 1.3029% for every 1% that the index falls by more than 23.25%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered notes
Underlying index:Russell 2000
Amount:$2,106,000
Maturity:March 10, 2020
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 15%; if index falls by up to 23.25%, par plus half the absolute value of return; 1.3029% loss for every 1% decline beyond 23.25%
Initial index level:1,533.172
Pricing date:March 5
Settlement date:March 8
Agent:Barclays
Fees:0.425%
Cusip:40055ARS8

© 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.