By Susanna Moon
Chicago, May 20 - Barclays Bank plc priced $38.5 million of 0% trigger jump securities due May 21, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will equal par plus the greater of any gain and the fixed payment of 40.5%.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $38.5 million
|
| Maturity: | May 21, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus greater of index return and 40.5%; par if index declines by up to 40%; full exposure to any losses if index falls below trigger level
|
| Initial level: | 3,172.72
|
| Trigger level: | 1,903.63, 60% of initial level
|
| Pricing date: | May 16
|
| Settlement date: | May 21
|
| Agent: | Barclays with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 06742K337
|
© 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.
