Barclays plans to price dual directional notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Aug. 8 – Barclays Bank plc plans to price 0% dual directional notes due Aug. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.35 to 1.40 times the index return. The exact upside leverage factor will be set at pricing.

If the final level is less than or equal to the initial level but greater than or equal to the barrier level, the payout will be par plus the absolute value of the index return. The barrier level will be 60% of the initial index level.

If the final level is less than the barrier level, investors will lose 1% for every 1% that the index declines below its initial level.

Barclays is the agent.

The notes will price Aug. 26 and settle Aug. 29.

The Cusip number is 06741UHD9.

© 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.