Published on 4/21/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.87 million trigger jump securities on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 21 – Barclays Bank plc priced $2.87 million of 0% trigger jump securities due April 21, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is equal to or greater than the initial level, the payout at maturity will be par of $10 plus the greater of the index return and a fixed return of 12.4%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to losses from the initial level if the index finishes below the 90% trigger level.
Barclays is the agent, with Morgan Stanley Wealth Management as dealer.
Issuer: | Barclays Bank plc.
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,872,170
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Maturity: | April 21, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus greater of index return and 12.4%; par if index declines by 10% or less; exposure to losses from initial level if index declines by more than 10%
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Initial index level: | 3,674.05
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Trigger level: | 3,306.645, 90% of initial level
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Pricing date: | April 17
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Settlement date: | April 22
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Agent: | Barclays
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 06743P533
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