Published on 3/8/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $650,000 return enhanced notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, March 8 – Barclays Bank plc priced $650,000 of 0% return enhanced notes due Sept. 4, 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 2.62 times any index gain.
Investors will be fully exposed to any index decline.
Barclays is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Barclays Bank plc
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Issue: | Return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $650,000
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Maturity: | Sept. 4, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.62 times any index gain; full exposure to any loss
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Initial level: | 3,324.75
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Pricing date: | March 2
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Settlement date: | March 7
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Underwriter: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 1.25%
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Cusip: | 06744CZ61
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