New Issue: Barclays sells $4.14 million buffer gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 18 – Barclays Bank plc priced $4.14 million of 0% buffer gears due June 17, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 1.23 times the index return. Investors will receive par if the index declines by 15% or less and lose 1% for every 1% that the index declines beyond 15%.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Buffer gears
Underlying index:	S&P 500
Amount:	$4.14 million
Maturity:	June 17, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.23 times any index gain; par if the index declines by 15% or less; 1% loss for every 1% decline beyond 15%
Initial index level:	3,041.31
Downside threshold:	2,585.11, 85% of initial level
Pricing date:	June 12
Settlement date:	June 17
Agents:	UBS Financial Services Inc. and Barclays
Fees:	None
Cusip:	06747H487

© 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.