Published on 10/2/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7.32 million buffered return optimization notes on Stoxx Europe 50
By Marisa Wong
Morgantown, W.Va., Oct. 2 – Barclays Bank plc priced $7.32 million of 0% buffered return optimization securities due Sept. 28, 2018 linked to the Stoxx Europe 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 52.3%. Investors will receive par if the index falls by up to 10% and will be exposed to any losses in excess of 10%.
Barclays and UBS Financial Services Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Buffered return optimization securities
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Underlying index: | Stoxx Europe 50
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Amount: | $7,321,110
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Maturity: | Sept. 28, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.5 times any index gain, up to a maximum return of 52.3%; par if index falls by up to 10%; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 2,993.93
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agents: | Barclays and UBS Financial Services Inc.
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Fees: | 2.5%
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Cusip: | 06743Q572
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