Published on 5/1/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.08 million buffered PLUS linked to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., May 1 – Barclays Bank plc priced $9.08 million of 0% buffered Performance Leveraged Upside Securities due April 29, 2022 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 205% of the index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $9,080,500
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Maturity: | April 29, 2022
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Coupon: | 0%
|
Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 205% of index return; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
|
Initial level: | 3,500.41
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Buffer level: | 2,975.3485, 85% of initial level
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Pricing date: | April 26
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Settlement date: | May 1
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Agent: | Barclays
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 06747A482
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