New Issue: Barclays sells $2.37 million capped buffered return notes on Stoxx 50

By Marisa Wong

Morgantown, W.Va., June 9 – Barclays Bank plc priced $2.37 million of 0% capped buffered return enhanced notes due June 27, 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 plus 1.5 times any index gain, up to a maximum return of par plus 15.3%.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	Barclays Bank plc
Issue:	Capped buffered return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$2.37 million
Maturity:	June 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 15.3%; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial level:	3,579.02
Buffer level:	3,221.12, 90% of initial level
Pricing date:	May 26
Settlement date:	June 1
Agent:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.04%
Cusip:	06741VWB4

© 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.