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Published on 5/17/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.45 million contingent buffered notes on Euro Stoxx

By Devika Patel

Knoxville, Tenn., May 17 – Barclays Bank plc priced $7.45 million of 0% contingent buffered notes due Nov. 14, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, investors will gain 1% for each 1% gain in the index.

If the index finishes flat or falls but finishes at or above the 73.15% threshold level, the payout at maturity will be par.

If the index falls by more than the 26.85% contingent buffer, investors will lose 1% for each 1% decline from the index’s initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Contingent buffered notes
Underlying index:Euro Stoxx 50
Amount:$7,453,000
Maturity:Nov. 14, 2018
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, 1% gain for each 1% gain in the index; if the index finishes flat or falls by up to 26.85% contingent buffer, par; otherwise, 1% loss for each 1% decline from initial level
Initial level:3,637.52
Buffer level:2,660.85, or 73.15% of initial level
Pricing date:May 12
Settlement date:May 17
Agent:Barclays
Fees:1.25%
Cusip:06741VVK5

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