By Marisa Wong
Morgantown, W.Va., May 2 – Barclays Bank plc priced $1.21 million of 0% notes due April 29, 2021 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index closes at or above its barrier level, 145% of the initial level, on any day during the life of the notes.
If a knock-out event has occurred, the payout at maturity will be par plus a digital return of 30%.
If a knock-out event has not occurred and the index finishes above its initial level, the payout will be par plus the index gain.
If a knock-out event has not occurred and the index finishes at or below its initial level, the payout will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1.21 million
|
| Maturity: | April 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If a knock-out event has occurred, par plus 30%; if a knock-out event has not occurred and the index finishes above its initial level, par plus the index gain; if a knock-out event has not occurred and the index finishes at or below its initial level, par
|
| Knock-out event: | Index closes at or above its barrier level, 145% of the initial level, on any day during the life of the notes
|
| Initial level: | 3,518.78
|
| Pricing date: | April 27
|
| Settlement date: | May 3
|
| Agent: | Barclays
|
| Fees: | 2.9%
|
| Cusip: | 06746X6T5
|
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