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Published on 2/25/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.15 million buffered return enhanced notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Feb. 25 – Barclays Bank plc sold $1.15 million of 0% buffered return enhanced notes due Feb. 24, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.443 times any index gain.

Investors will receive par if the index falls by up to 25% and will lose 1.33333% for every 1% decline beyond 25%.

Barclays is the agent. JPMorgan is the placement agent.

Issuer:Barclays Bank plc
Issue:Buffered return enhanced notes
Underlying index:Euro Stoxx 50
Amount:$1.15 million
Maturity:Feb. 24, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.443 times any index gain; par if index falls by up to 25%; 1.33333% loss for every 1% decline beyond 25%
Initial index level:3,345.78
Buffer level:2,850.29, 75% of initial level
Pricing date:Feb. 21
Settlement date:Feb. 26
Agent:Barclays
Placement agent:JPMorgan
Fees:2%
Cusip:06747PCZ0

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