Published on 8/30/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.15 million capped trigger gears tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – Barclays Bank plc priced $2.15 million of 0% capped trigger gears due Aug. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, subject to a maximum return of 51.5%. Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $2,145,600
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain, capped at 51.5%; par if index declines by 30% or less; full exposure to loss if index falls beyond 30%
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Initial index level: | 3,010.36
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Downside threshold: | 2,107.25, 70% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agents: | Barclays and UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 06740Q187
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