Published on 12/17/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.95 million capped leveraged buffered notes tied to Euro Stoxx
By Devika Patel
Knoxville, Tenn., Dec. 17 – Barclays Bank plc priced $6,954,000 of 0% capped leveraged buffered notes due May 31, 2017 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 double any index gain, up to a maximum settlement amount of $1,178 per $1,000 principal amount.
Investors will receive par if the index falls by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Capped leveraged buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $6,954,000
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Maturity: | May 31, 2017
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus double any index gain, subject to 17.8% maximum return; par if index falls by up to 15%; 1.1765% loss per 1% drop beyond 15%
|
Initial level: | 3,241.51
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Pricing date: | Dec. 15
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Settlement date: | Dec. 22
|
Agent: | Barclays
|
Fees: | 1.27%
|
Cusip: | 06741UY40
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