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Barclays to price contingent buffered notes linked to Euro Stoxx 50
By Tali Rackner
Minneapolis, June 22 – Barclays Bank plc plans to price 0% contingent buffered notes due Dec. 26, 2018 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.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, 73.95% of the initial index level, the payout will be par.
If the final index level is less than the barrier level, investors will lose 1% for every 1% that the index declines from its initial level.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
The notes will price June 23 and settle on June 28.
The Cusip number is 06741VZ54.
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