Published on 7/6/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.38 million trigger jump securities on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 6 – Barclays Bank plc priced $3.38 million of 0% trigger jump securities due Jan. 6, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the greater of the index return and 17%. Investors will receive par if the index falls but finishes at or above the principal barrier, 90% of its initial level, and will lose 1% for each 1% decline from the initial level if the index declines by more than 10%.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Barclays Bank plc
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $3,382,500
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Maturity: | Jan. 6, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus greater of index return and 17%; par if index’s final level is less than initial level but greater than or equal to principal barrier; 1% loss for each 1% decline from initial level if final index level is less than principal barrier
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Initial index level: | 3,234.07
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Principal barrier: | 2,910.66, 90% of initial index level
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 06747J798
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