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Published on 4/12/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.47 million notes due 2017 tied to Euro Stoxx 50 index

By Devika Patel

Knoxville, Tenn., April 12 – Barclays Bank plc priced $1.47 million of 0% notes due Oct. 11, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 28.4% or less and will lose 1% for every 1% that the final index level is less than the initial level if the index declines by more than 28.4%.

The final index level will be the average of the index’s closing levels on the five trading days ending Oct. 6, 2017.

Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:Barclays Bank plc
Issue:Notes
Underlying indexes:Euro Stoxx 50
Amount:$1,465,000
Maturity:Oct. 11, 2017
Coupon:0%
Price:Par
Payout at maturity:Par plus index return if index finishes above initial level, par if index falls by 28.4% or less; otherwise, 1% loss for every 1% that index finishes below initial level
Initial index level:2,911.98
Barrier level:2,084.98; 71.6% of initial level
Pricing date:April 8
Settlement date:April 13
Agent:Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:1.25%
Cusip:06741U7M0

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