Published on 7/6/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.15 million buffered PLUS linked to Euro Stoxx 50
By Tali Rackner
Norfolk, Va., July 6 – Barclays Bank plc priced $10,152,530 of 0% buffered Performance Leveraged Upside Securities due July 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum of $13.65 per PLUS. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,152,530
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Maturity date: | July 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, subject to a maximum of $13.65 per PLUS; par if index falls by 10% or less; 1% loss for each 1% index declines beyond 10%
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Initial index level: | 3,424.30
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 06743N579
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