Published on 8/28/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $13.92 million Leveraged Index Return Notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Aug. 28 – Barclays Bank plc priced $13.92 million of 0% Leveraged Index Return Notes due Aug. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2.35 times any index gain.
Investors will lose 1% for every 1% decline.
BofA Merrill Lynch is the agent.
| Issuer: | Barclay Bank plc
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $13,915,340
|
| Maturity: | Aug. 28, 2020
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| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 2.35 times any index gain; 1% loss for every 1% index decline
|
| Initial level: | 3,444.73
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 31
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 06746L471
|
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