Published on 5/6/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.31 million return enhanced notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 6 - Barclays Bank plc priced $2.31 million of 0% return enhanced notes due May 20, 2015 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 double any gain in the index, up to a maximum return of 24.6%.
Investors will be exposed to any losses.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2.31 million
|
| Maturity: | May 20, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 24.6%; exposure to losses
|
| Initial index level: | 3,177.89
|
| Pricing date: | May 2
|
| Settlement date: | May 7
|
| Underwriter: | Barclays
|
| Fees: | 1%
|
| Cusip: | 06741UDJ0
|
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