New Issue: Barclays prices $1.07 million notes due 2025 linked to MSCI EAFE ETF

By Kiku Steinfeld

Chicago, Feb. 24 – Barclays Bank plc priced $1.07 million of 0% notes due Feb. 11, 2025 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final ETF level is greater than the initial level, the payout at maturity will be par plus the ETF return, subject to a maximum return of par plus 54%.

Otherwise, investors will be exposed to the ETF’s decline, subject to a minimum payout of $950 per $1,000 principal amount of notes.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$1,067,000
Maturity:	Feb. 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final ETF level is greater than initial level, par plus return, capped at par plus 54%; otherwise, exposure to ETF’s decline, subject to minimum payout of $950 per $1,000 principal amount of notes
Initial level:	$69.62
Pricing date:	Feb. 7
Settlement date:	Feb. 12
Agent:	Barclays
Fees:	4.1%
Cusip:	06747P4P1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.