Published on 9/4/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.05 million capped return enhanced notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 4 – Barclays Bank plc priced $1.05 million of 0% capped return enhanced notes due Sept. 21, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum return of 21.75%. If the index return is negative, investors will be fully exposed to the decline.
Barclays is the underwriter with J.P. Morgan Securities LLC as agent.
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: | $1.05 million
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Maturity: | Sept. 21, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus three times index return, subject to 21.75% maximum return; if index return is negative, full exposure to decline
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Initial level: | 3,198.86
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Final level: | Average of index’s closing levels on five trading days ending Sept. 16, 2016
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Pricing date: | Sept. 2
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Settlement date: | Sept. 8
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Underwriter: | Barclays
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 06741UH80
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