New Issue: Barclays sells $3.78 million trigger PLUS due 2017 linked to Euro Stoxx

By Susanna Moon

Chicago, July 21 – Barclays Bank plc priced $3.78 million of 0% trigger Performance Leveraged Upside Securities due July 20, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 118% of any index gain.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below the 90% trigger level.

Barclays is the agent with Morgan Stanley Wealth Management as the dealer.

Issuer:	Barclays Bank plc
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$3,776,000
Maturity:	July 20, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 118% of any index gain; par if the index falls by up to 10%; full exposure to any losses if index finishes below trigger level
Initial level:	3,670.34
Trigger level:	3,303.31, 90% of initial level
Pricing date:	July 17
Settlement date:	July 22
Agent:	Barclays
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2%
Cusip:	06743N330

© 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.