By Sarah Lizee
Olympia, Wash., April 17 – Barclays Bank plc priced $2 million of 0% jump securities with downside digital barrier due April 21, 2022 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout will be par plus the greater of the index return and the fixed percentage, which is 20%.
If the index declines by up to 30%, the payout will be par.
If the index declines by more than 30%, investors will receive the minimum payout at maturity, which is 90% of par.
Barclays is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | Barclays Bank plc
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Issue: | Jump securities with downside digital barrier
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2 million
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Maturity: | April 21, 2022
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the index return and 20%; if the index declines by up to 30%, par; if the index declines by more than 30%, 90% of par
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Initial level: | 3,450.46
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Barrier level: | 2,415.32, 70% of initial level
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Pricing date: | April 15
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Settlement date: | April 18
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Agent: | Barclays
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 0.1%
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Cusip: | 06747A631
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