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 12/29/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $2.26 million three-year trigger gears linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Dec. 29 – Barclays Bank plc priced $2.26 million of 0% trigger gears due Dec. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 2.325 times the index return.

If the index falls by up to 25%, the payout will be par.

Investors will lose 1% for every 1% decline below the initial level if the index finishes below the 75% downside threshold.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Trigger gears
Underlying index:Euro Stoxx 50
Amount:$2,257,240
Maturity:Dec. 31, 2020
Coupon:0%
Price:Par
Payout at maturity:Par plus 2.325 times any index gain; par if index falls by up to 25%; otherwise, full exposure to losses
Initial index level:3,550.17
Downside threshold:2,662.63, 75% of initial level
Pricing date:Dec. 27
Settlement date:Dec. 29
Agents:Barclays and UBS Financial Services Inc.
Fees:0%
Cusip:06746N295

© 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.