Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $689,000 return optimization notes linked to Nikkei 225
By Angela McDaniels
Tacoma, Wash., Jan. 28 – Barclays Bank plc priced $689,000 of 0% return optimization securities due Feb. 28, 2017 linked to the Nikkei 225 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 of $10 plus 300% of the index return, subject to a maximum return of 15%. If the index return is negative, investors will be fully exposed to the decline.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Return optimization securities
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Underlying index: | Nikkei 225
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Amount: | $689,000
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Maturity: | Feb. 28, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, up to 15% maximum return; exposure to any index decline
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Initial index level: | 17,163.92
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Pricing date: | Jan. 27
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Settlement date: | Jan. 29
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06743T337
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