Published on 5/24/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.28 million 1.5-year notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 24 – Barclays Bank plc priced $2.28 million of 0% notes due Oct. 30, 2020 linked to 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 1.1 times the gain.
If the index falls, the payout will be par plus the index return, subject to a floor of 95% of par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $2,278,000
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any index gain; exposure to losses up to 5%
|
| Initial index level: | 3,514.62
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | Barclays
|
| Fees: | 0.85%
|
| Cusip: | 06747MKL9
|
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