Published on 7/7/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.64 million capped return enhanced notes on Stoxx 50
By Susanna Moon
Chicago, July 7 – Barclays Bank plc priced $2.64 million of 0% capped return enhanced notes due Oct. 7, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 7.9%.
Investors will be exposed to any losses.
Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,635,000
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Maturity: | Oct. 7, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to a maximum return of 7.9%; exposure to any losses
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Initial level: | 3,463.25
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Pricing date: | July 2
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Settlement date: | July 8
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Agent: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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Fees: | 0.25%
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Cusip: | 06741UZF4
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