Published on 5/11/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $6.8 million dual directional trigger PLUS on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., May 11 – Barclays Bank plc priced $6.8 million of 0% dual directional trigger Performance Leveraged Upside Securities due May 3, 2019 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 of $10 plus double the index return, up to a maximum return of 40.5%.
If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 80% of the initial level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the decline from the initial index level.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $6,799,980
|
| Maturity: | May 3, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, up to 40.5% maximum return; if final index level is less than or equal to initial index level but greater than or equal to trigger level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
|
| Initial index level: | 3,028.21
|
| Trigger level: | 2,422.57, 80% of initial level
|
| Pricing date: | April 29
|
| Settlement date: | May 5
|
| Agent: | Barclays
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06744K590
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