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
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $7,862,310
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Maturity: | July 3, 2019
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Coupon: | 0%
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Price: | Par
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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
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Initial level: | 3,543.88
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Trigger level: | 3,189.49, 90% of initial level
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Pricing date: | June 16
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Settlement date: | June 21
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Underwriter: | Barclays with Morgan Stanley Wealth Management as dealer
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Fees: | 2%
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Cusip: | 06746K598
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