By Jennifer Chiou
New York, Dec. 2 – Barclays Bank plc priced $1.25 million of 0% review notes due Nov. 30, 2016 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 its initial level on any of the review dates, the notes will be called at par plus an annualized premium of 12.1%. The review dates are Dec. 10, 2015, June 9, 2016 and Nov. 25, 2016.
If the notes are not called, the payout at maturity will be par if the index falls by up to 10%. Otherwise, investors will be fully exposed to any losses.
Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | Barclays Bank plc
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| Issue: | Review notes
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| Underlying index: Euro Stoxx 50
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| Amount: | $1.25 million
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| Maturity: | Nov. 30, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if falls by up to 10%; otherwise, exposure to losses
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| Call: | At par plus an annualized premium of 12.1% if index finishes at or above its initial level on any of the review dates
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| Initial index level: 3,226.08
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| Barrier level: | 2,903.47, 90% of initial level
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| Pricing date: | Nov. 26
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| Settlement date: | Dec. 2
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| Underwriter: | Barclays with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 06741UME1
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