Published on 4/15/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.68 million PLUS linked to iShares MSCI EAFE fund
By Marisa Wong
Madison, Wis., April 15 - Barclays Bank plc priced $4.68 million of 0% Performance Leveraged Upside Securities due Oct. 15, 2015 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 24%.
Investors will be exposed to any losses.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | iShares MSCI EAFE exchange-traded fund
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Amount: | $4,684,000
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Maturity: | Oct. 15, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 150% of any fund gain, up to a maximum return of 24%; investors will be exposed to any losses
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Initial price: | $66.26
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Pricing date: | April 11
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Settlement date: | April 16
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Agent: | Barclays with Morgan Stanley Wealth Management as dealer
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Fees: | 2%
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Cusip: | 06742B139
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