Published on 7/27/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.55 million capped return enhanced notes tied to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., July 27 – Barclays Bank plc priced $2.55 million of 0% capped return enhanced notes due Jan. 26, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum return of 27.2%. If the index return is negative, investors will be fully exposed to the decline.
Barclays is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | Barclays Bank plc
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2.55 million
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Maturity: | Jan. 26, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times index return, subject to 27.2% maximum return; if index return is negative, full exposure to decline
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Initial level: | 3,634.64
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Final level: | Average of index’s closing levels on five trading days ending Jan. 23, 2017
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Pricing date: | July 23
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Settlement date: | July 28
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Underwriter: | Barclays
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 06741UC28
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