Published on 12/26/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.35 million leveraged notes with 95% floor on Stoxx 50
By Susanna Moon
Chicago, Dec. 26 – Barclays Bank plc priced $1.35 million of 0% notes due Nov. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any index gain.
If the index falls, the payout will be par plus the return with a minimum payout of $950.00 per $1,000 principal amount.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying asset: | Euro Stoxx 50 index
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Amount: | $1,351,000
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Maturity: | Nov. 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.4 times index return, floor of 95% of par
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Initial level: | 3,166.42
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | Barclays
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Fees: | 3.45%
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Cusip: | 06746XVF7
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