E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/19/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.29 million market plus notes linked to Euro Stoxx 50

By Marisa Wong

Madison, Wis., Nov. 19 - Barclays Bank plc priced $1.29 million of 0% market plus notes due May 20, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% barrier level, the payout at maturity will be par plus the index return, with a minimum payout of par.

Otherwise, investors will be fully exposed to any losses.

Barclays, JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:Barclays Bank plc
Issue:Market plus notes
Underlying index:Euro Stoxx 50
Amount:$1,289,000
Maturity:May 20, 2015
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above barrier level, par plus index return, with a minimum payout of par; otherwise, investors will be fully exposed to any losses
Initial index level:3,054.53
Barrier level:2,443.62, or 80% of initial level
Pricing date:Nov. 15
Settlement date:Nov. 20
Agents:Barclays; JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC (placement)
Fees:1.25%
Cusip:06741TY43

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.