By Marisa Wong
Madison, Wis., March 27 - Barclays Bank plc priced $1.12 million of 0% notes due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive and the index return factor - 1.25 times the index return - is greater than the minimum return of 11.75%, the payout at maturity will be par plus 1.25 times the index gain, subject to a maximum payment of $1,600 per $1,000 principal amount.
Otherwise, the payout will be par plus the minimum return of 11.75%.
The index return will be the average of the index returns measured on each of the quarterly observation dates beginning June 25.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.12 million
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive and index return factor is greater than 11.75%, par plus 1.25 times index gain, subject to a maximum payment of $1,600 per $1,000 principal amount; otherwise, $1,117.50 per note
|
| Index return: | Average of index returns measured on each of quarterly observation dates beginning June 25
|
| Index return factor: | 1.25 times the index return
|
| Initial index level: | 3,096.64
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Underwriter: | Barclays
|
| Fees: | 0.75%
|
| Cusip: | 06741UAU8
|
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