Barclays plans contingent buffered notes on Stoxx Europe 600

By Marisa Wong

Morgantown, W.Va., March 15 – Barclays Bank plc plans to price 0% contingent buffered notes due Sept. 19, 2018 linked to the Stoxx Europe 600 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain. If the index finishes flat or falls but finishes at or above the 71.4% barrier level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price on March 17.

The Cusip number is 06741VP71.

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