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 10/6/2016 in the Prospect News Structured Products Daily.

Barclays plans two-year capped buffered gears linked to Euro Stoxx 50

By Susanna Moon

Chicago, Oct. 6 – Barclays Bank plc plans to price 0% capped buffered gears due Oct. 31, 2018 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 of $10 plus double any index gain, up to a maximum return of 27% to 30%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond 10%.

Barclays and UBS Financial Services Inc. are the agents.

The notes will price on Oct. 27 and settle on Oct. 31.

The Cusip number is 06745B177.


© 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.