Published on 4/6/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $8.08 million autocallable trigger PLUS on Euro Stoxx
By Marisa Wong
Madison, Wis., April 6 – Barclays Bank plc priced $8.08 million of 0% autocallable trigger Performance Leveraged Upside Securities due April 6, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the call threshold level, 120% of the initial index level, on Oct. 3, 2016, the securities will be automatically redeemed and investors will receive the early redemption payment of $12 per $10 principal amount of notes.
If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus 140% of the index return. If the index finishes at or below the initial level but at or above the trigger level, 80% of the initial level, the payout will be par. If the index finishes below the trigger level, investors will be fully exposed to the decline.
Barclays is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,078,680
|
| Maturity: | April 6, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 140% of the gain; par if index falls by up to the 80% trigger level; full exposure to losses if index falls below trigger level
|
| Call: | At $12 per $10 note if index closes at or above call threshold level on Oct. 3, 2016
|
| Initial index level: | 3,697.38
|
| Call threshold level: | 4,436.86, 120% of initial level
|
| Trigger level: | 2,957.90, 80% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 7
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06743P798
|
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