Published on 5/13/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.8 million market plus notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 13 - Barclays Bank plc priced $1.8 million of 0% market plus notes due Nov. 12, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the barrier level, 80% of the initial index level, the payout at maturity will be par plus the greater of 0.7% and the index return.
Otherwise, investors will be fully exposed to losses.
Barclays is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.
Issuer: | Barclays Bank plc
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Issue: | Market plus notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,801,000
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Maturity: | Nov. 12, 2015
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index finishes at or above barrier level, par plus greater of 0.7% and index return; otherwise, full exposure to losses
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Initial index level: | 3,184.09
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Barrier level: | 2,547.27, 80% of initial level
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Pricing date: | May 9
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Settlement date: | May 14
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Underwriter: | Barclays
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Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 06741UDL5
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