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Barclays to price dual directional notes tied to Stoxx 50, EAFE ETF
By Sarah Lizee
Olympia, Wash., Nov. 6 – Barclays Bank plc plans to price 0% dual directional notes due Nov. 30, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 1.57 to 1.6 times the gain of the worse performing asset.
If each asset finishes at or above its 85% threshold, the payout will be par plus the absolute value of the return of the worse performing asset.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset beyond the 15% buffer.
Barclays is the agent.
The notes will price on Nov. 30.
The Cusip number is 06746XY31.
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