Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Barclays plans knock-out digital notes linked to Euro Stoxx 50 index
By Susanna Moon
Chicago, Jan. 22 – Barclays Bank plc plans to price 0% knock-out digital notes due Feb. 10, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index closes below the 80% knock-out on any day during the life of the notes or finishes below the knock-out level.
If a knock-out event does not occur, the payout at maturity will be par plus the digital return of 9.15%.
Otherwise, the payout will be par plus the return with any gains capped at 9.15% and full exposure to any losses.
Barclays is the underwriter with J.P. Morgan Securities LLC as the placement agent.
The notes will price on Jan. 23 and settle on Jan. 28.
The Cusip number is 06741UPW8.
© 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.