Published on 4/5/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $8.89 million PLUS with cap tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 5 – Barclays Bank plc priced $8.89 million of 0% Performance Leveraged Upside Securities due July 6, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 28.25%.
Investors will be exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
Issuer: | Barclays Bank plc
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $8,890,270
|
Maturity: | July 6, 2017
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par triple any index gain, capped at 28.25%; exposure to any losses
|
Initial level: | 3,004.93
|
Pricing date: | March 31
|
Settlement date: | April 5
|
Agent: | Barclays with Morgan Stanley Wealth Management as a dealer
|
Fees: | 2.25%
|
Cusip: | 06744K731
|
|
© 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.