Published on 5/18/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.64 million digital notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 18 – Barclays Bank plc priced $2.64 million of 0% digital notes due June 13, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout at maturity will be par plus 8.15%.
If the index return is less than negative 15%, investors will be fully exposed to the index decline.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2.64 million
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Maturity: | June 13, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index return is at least negative 15%, par plus 8.15%; otherwise, full exposure to losses
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Initial index level: | 3,637.52
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Barrier level: | 3,091.89, 85% of initial level
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Pricing date: | May 12
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Settlement date: | May 17
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Agents: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 1.04%
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Cusip: | 06741VVJ8
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