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 7/27/2015 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.55 million capped return enhanced notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., July 27 – Barclays Bank plc priced $2.55 million of 0% capped return enhanced notes due Aug. 9, 2016 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 three times the index return, subject to a maximum return of 18.45%. 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
Issue:Capped return enhanced notes
Underlying index:Euro Stoxx 50
Amount:$2.55 million
Maturity:Aug. 9, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus three times index return, subject to 18.45% maximum return; if index return is negative, full exposure to decline
Initial level:3,634.64
Final level:Average of index’s closing levels on five trading days ending Aug. 4, 2016
Pricing date:July 23
Settlement date:July 28
Underwriter:Barclays
Agent:J.P. Morgan Securities LLC
Fees:1%
Cusip:06741UB94

© 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.