Published on 6/15/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $750,000 of notes due 2022 tied to S&P, Stoxx, Topix
By Sarah Lizee
Olympia, Wash., June 15 – Barclays Bank plc priced $750,000 of 0% notes due June 17, 2022 linked to basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 25% weight and the Topix index with a 25% weight.
The payout at maturity will be par plus 1.11 times any basket gain.
Investors will receive par if the basket is flat or declines.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying basket: | S&P 500 (50% weight), Euro Stoxx 50 (25% weight) and Topix (25% weight)
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Amount: | $750,000
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Maturity: | June 17, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.11 times any basket gain; par if basket is flat or declines
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Initial levels: | 2,775.63 for S&P 500, 3,479.56 for Euro Stoxx 50 and 1,800.37 for Topix
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Pricing date: | June 13
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Settlement date: | June 18
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Agent: | Barclays
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Fees: | 0.7%
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Cusip: | 06746XFD0
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