E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/14/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $4.08 million 5.25% buffered notes linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – Barclays Bank plc priced $4.08 million of 5.25% buffered notes due Aug. 5, 2019 linked to the lesser performing of the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the return of the lesser performing asset is at least 82.5% of its initial level, the payout at maturity will be par.

If the laggard asset falls by up to 17.5%, the payout will be par. If the lesser performing asset falls by more than 17.5%, investors will lose 1.21212% for every 1% decline of the lower performer beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered notes
Underlying assets:Russell 2000 and iShares MSCI EAFE ETF
Amount:$4,075,000
Maturity:Aug. 5, 2019
Coupon:5.25%, payable monthly
Price:Par
Payout at maturity:If return of laggard asset is at least negative 17.5%, par; if lesser performing asset falls by more than 17.5%, 1.21212% loss for every 1% decline beyond 17.5%
Initial levels:1,502.77 for index, $69.63 for ETF
Pricing date:Nov. 1
Settlement date:Nov. 6
Agent:Barclays
Fees:0%
Cusip:06744CL25

© 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.