Published on 7/5/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.78 million 5.1% notes with payout tied to index, ETF
By Wendy Van Sickle
Columbus, Ohio, July 5 – Barclays Bank plc priced $3.78 million of 5.1% notes due Oct. 27, 2017 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par if the lesser performing underlying asset gains or falls by up to the 25% buffer. Otherwise, investors will lose 1.25% for each 1% decline in the lesser performing asset beyond 25%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
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Amount: | $3,775,000
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Maturity: | Oct. 27, 2017
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Coupon: | 5.1%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless lesser performing asset falls by more than 25%, in which case 1.25% loss for each 1% lesser performing asset drops beyond 25%
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Initial levels: | 1,127.54 for index, $53.66 for ETF
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741V5S7
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