Published on 7/17/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.54 million capped buffered return notes on Stoxx 50
New York, July 17 – Barclays Bank plc priced $2.54 million of 0% capped buffered return enhanced notes due July 17, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain, up to a maximum payout of par plus 53.7%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2.54 million
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Maturity: | July 17, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 53.7%; par if index falls by up to 20%; 1.25% loss for every 1% drop beyond 20%
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Initial level: | 3,515.23
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Buffer level: | 2,812.18, 80% of initial level
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Pricing date: | July 12
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Settlement date: | July 17
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Agent: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 2%
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Cusip: | 06744CCC3
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