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
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Issue: | Market plus notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,289,000
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Maturity: | May 20, 2015
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Coupon: | 0%
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Price: | Par
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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
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Initial index level: | 3,054.53
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Barrier level: | 2,443.62, or 80% of initial level
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Pricing date: | Nov. 15
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Settlement date: | Nov. 20
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Agents: | Barclays; JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC (placement)
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Fees: | 1.25%
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Cusip: | 06741TY43
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