Published on 5/19/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.54 million capped return enhanced notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 19 – Barclays Bank plc priced $6.54 million of 0% capped return enhanced notes due June 1, 2016 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 triple any index gain, up to a maximum return of 20.4%.
Investors will be exposed to any losses.
Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $6,538,000
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Maturity: | June 1, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at 20.4%; exposure to any losses
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Initial index level: | 3,573.07
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Pricing date: | May 15
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Settlement date: | May 20
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Agent: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 1%
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Cusip: | 06741UWH3
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