E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/6/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.86 million trigger jump notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, July 6 – Barclays Bank plc priced $7.86 million of 0% trigger jump securities due July 3, 2019 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the upside payment of 26.05%.

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

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

Issuer:Barclays Bank plc
Issue:Trigger jump securities
Underlying index:Euro Stoxx 50 index
Amount:$7,862,310
Maturity:July 3, 2019
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus 26.05%; par if index falls by up to 10%; full exposure to losses if index finishes below trigger level
Initial level:3,543.88
Trigger level:3,189.49, 90% of initial level
Pricing date:June 16
Settlement date:June 21
Underwriter:Barclays with Morgan Stanley Wealth Management as dealer
Fees:2%
Cusip:06746K598

© 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.