By Wendy Van Sickle
Columbus, Ohio, Aug. 24 – Barclays Bank plc priced $4 million market-linked step-up notes due Aug. 30, 2019 linked to a basket of the Euro Stoxx 50 index with a 70% weight and the Euro Stoxx Mid index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes above the step-up level, 126.6% of the initial level, the payout at maturity will be par plus the gain.
If the basket gains by up to the step-up level, the payout will be par plus the step-up return of 26.6%.
Otherwise, investors will receive par plus the return with exposure to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Market-linked step-up notes
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| Basket components: | Euro Stoxx 50 index (70% weight) and Euro Stoxx Mid index (30% weight)
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| Amount: | $4 million
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| Maturity: | Aug. 30, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If basket finishes above step-up level, par plus the index gain; if index finishes at or below the step-up level but at or above the initial level, par plus 26.6%; full exposure to any basket decline
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| Initial levels: | 3,455.59 for Euro Stoxx 50, 432.98 for Euro Stoxx Mid
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| Step-up level: | 126.6% of initial basket level
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| Pricing date: | Aug. 22
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| Settlement date: | Aug. 29
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| Underwriter: | BofA Merrill Lynch
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| Fees: | 1.5%
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| Cusip: | 06746L356
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