New Issue: Barclays prices $4.42 million three-year notes linked to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Jan. 10 – Barclays Bank plc priced $4.42 million of 0% notes due Jan. 7, 2021 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at 44%.

If the index falls by up to 2.5%, the payout will be par plus the index return. Otherwise, investors will receive 97.5% of par. In other words, if the index return is negative, investors will lose up to 2.5%.

Barclays is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying index:	Euro Stoxx 50 index
Amount:	$4,423,000
Maturity:	Jan. 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 44%; if index falls, par plus the index return, subject to floor of $975 per $1,000 principal amount
Initial level:	3,607.63
Pricing date:	Jan. 5
Settlement date:	Jan. 10
Underwriter:	Barclays
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	2%
Cusip:	06744CRJ2

© 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.