E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Underlying index:Euro Stoxx 50
Amount:$6,954,000
Maturity:May 31, 2017
Coupon:0%
Price:Par
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
Pricing date:Dec. 15
Settlement date:Dec. 22
Agent:Barclays
Fees:1.27%
Cusip:06741UY40

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.