By Jennifer Chiou
New York, Oct. 8 - Barclays Bank plc priced $15,977,000 of 0% market plus notes due April 8, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at or greater than 81.5% of the initial level, the payout at maturity will be par plus any index gain, subject to a minimum payout of par.
Otherwise, the payout at maturity will be par plus the index return with exposure to any losses.
The final index level will be the average of the closing levels of the index on the five averaging dates ending April 2, 2015.
Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market plus notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $15,977,000
|
| Maturity: | April 8, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 81.5% of the initial level, par plus any index gain, floor of par; otherwise, par plus index return with exposure to losses
|
| Initial level: | 2,928.31
|
| Barrier level: | 81.5% of initial level
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 9
|
| Agent: | Barclays
|
| Fees: | 1.25%
|
| Cusip: | 06741TR58
|
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