E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$10,152,530
Maturity date:July 5, 2018
Coupon:0%
Price:Par of $10
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%
Initial index level:3,424.30
Pricing date:June 30
Settlement date:July 6
Agent:Barclays
Dealer:Morgan Stanley Wealth Management
Fees:3%
Cusip:06743N579

© 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.