Published on 10/18/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $280,000 buffered return enhanced notes on Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Oct. 18 – Barclays Bank plc priced $280,000 of 0% buffered return enhanced notes due Oct. 18, 2019 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 1.338 times any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
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: | Buffered return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $280,000
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Maturity: | Oct. 18, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.338 times any index gain; par if the index falls by up to 15%; 1.1765% loss for every 1% decline beyond the 15% buffer
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Initial level: | 3,604.55
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Bufer level: | 3,063.87; 85% of initial level
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Pricing date: | Oct. 13
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Settlement date: | Oct. 18
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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: | 1.5%
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Cusip: | 06744CC74
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