Published on 6/1/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.94 million trigger return optimization notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, June 1 – Barclays Bank plc priced $9.94 million of 0% trigger return optimization securities due May 31, 2018 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 of $10 plus double any gain in the index, up to a maximum return of 45%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Trigger return optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $9,944,590
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Maturity: | May 31, 2018
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 200% of any index gain, capped at 45%; par if index falls by up to 25%; otherwise, full exposure to any losses
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Initial index level: | 3,682.87
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Trigger level: | 2,762.15, 75% of initial level
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Pricing date: | May 27
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Settlement date: | May 29
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2.5%
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Cusip: | 06743P376
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