New Issue: Barclays sells $3.16 million buffered return enhanced notes on Stoxx 50

By Marisa Wong

Morgantown, W.Va., Oct. 19 – Barclays Bank plc priced $3.16 million of 0% buffered return enhanced notes due Oct. 14, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial value, the payout at maturity will be par plus 2.28 times the gain.

If the index finishes flat or declines by up to 20%, the payout will be par. Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.

Barclays is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$3,155,000
Maturity:	Oct. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2.28 times any index gain; par if index finishes flat or falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond 20%
Initial level:	3,194.41
Buffer level:	2,555.53, 80% of initial level
Final level:	Average of closing levels on five trading days ending Oct. 11, 2021
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Underwriter:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	2%
Cusip:	06746XUR2

© 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.