Published on 4/17/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.3 million contingent barrier return enhanced notes on Stoxx
By Sarah Lizee
Olympia, Wash., April 17 – Barclays Bank plc priced $1.3 million of 0% contingent barrier return enhanced notes due April 22, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.835 times the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier value, 50% of the initial index level, the payout will be par.
If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines from its initial level.
Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent barrier return enhanced notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1.3 million
|
| Maturity: | April 22, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 1.835 times index return; if final index level is less than or equal to initial index level but greater than or equal to barrier value, par; if final index level is less than barrier value, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 3,450.46
|
| Final level: | Average of index’s closing levels on five trading days ending April 19, 2022
|
| Barrier value: | 1,725.23, 50% of initial index level
|
| Pricing date: | April 15
|
| Settlement date: | April 18
|
| Agents: | Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.25%
|
| Cusip: | 06747MPL4
|
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