Published on 1/19/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.99 million buffered PLUS linked to Euro Stoxx 50
By Susanna Moon
Chicago, Jan. 19 – Barclays Bank plc priced $4.99 million of 0% buffered Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum payout of $14.925 per PLUS.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Barclays Bank plc
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4,986,900
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Maturity: | Aug. 5, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus double any index gain, capped at 49.25%; par if index drops up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 3,324.34
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Pricing date: | Jan. 13
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Settlement date: | Jan. 19
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Agent: | Barclays
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Fees: | 1.5%
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Cusip: | 06744M497
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