Published on 3/2/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $393,300 trigger performance notes on iShares MSCI EAFE
By Marisa Wong
Madison, Wis., March 2 – Barclays Bank plc priced $393,300 of 0% trigger performance securities due Feb. 28, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par of $10 plus 158% of the return.
If the fund falls by up to the 80% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger performance securities
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $393,300
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| Maturity date: | Feb. 28, 2019
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If fund gains, par plus 158% of return; if fund falls by up to 20%, par; otherwise, full exposure to any losses
|
| Initial price: | $65.20
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| Trigger price: | $52.16, 80% of initial level
|
| Pricing date: | Feb. 24
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| Settlement date: | Feb. 27
|
| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | None
|
| Cusip: | 06740D418
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