Published on 9/6/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $225,000 capped buffered notes tied to Stoxx Europe 600
By Marisa Wong
Morgantown, W.Va., Sept. 6 – Barclays Bank plc priced $225,000 of capped buffered return enhanced notes due Oct. 4, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 12%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
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Issue: | Capped buffered return enhanced notes
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Underlying index: | Stoxx Europe 600
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Amount: | $225,000
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Maturity: | Oct. 4, 2017
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 2 times any index gain, capped at 12%; par if index falls by 10% or less; 1.1111% loss per 1% drop beyond 10%
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Initial level: | 343.72
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Buffer level: | 309.35, 90% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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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: | 1.04%
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Cusip: | 06741VAF9
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