Published on 11/18/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.41 million PLUS due March 5, 2018 tied to Euro Stoxx
By Devika Patel
Knoxville, Tenn., Nov. 18 – Barclays Bank plc priced $1.41 million of 0% Performance Leveraged Upside Securities due March 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 23.65%.
Investors will lose 1% for each 1% decline.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,411,420
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Maturity: | March 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, capped at 23.65%; 1% loss for each 1% decline
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Initial level: | 3,026.36
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Pricing date: | Nov. 16
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Settlement date: | Nov. 21
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 06744M745
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