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Barclays plans notes with 71.6% barrier level linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 5 – Barclays Bank plc plans to price 0% notes due Oct. 11, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 28.4% or less and will lose 1% for every 1% that the final index level is less than the initial level if the index declines by more than 28.4%.
The final index level will be the average of the index’s closing levels on the five trading days ending Oct. 6, 2017.
Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price April 8.
The Cusip number is 06741U7M0.
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