By Marisa Wong
Morgantown, W.Va., Jan. 25 – Barclays Bank plc priced $1.7 million of 0% notes due July 25, 2018 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 any index gain.
If the index finishes at or below the initial level but at or above the 71.6% barrier level, the payout will be par.
If the index finishes below 71.6% of the initial level, investors will lose 1% for every 1% decline below the initial level.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
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| Underlying index: | Stoxx Europe 600 index
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| Amount: | $1.7 million
|
| Maturity: | July 25, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if index finishes at or below initial level but at or above barrier level, par; otherwise, investors will lose 1% for every 1% decline below the initial level
|
| Initial level: | 362.58
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| Barrier level: | 259.61, 71.6% of initial level
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Agent: | Barclays
|
| Fees: | 1.25%
|
| Cusip: | 06741VHK1
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