Published on 8/3/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.85 million return optimization notes on Euro Stoxx
By Susanna Moon
Chicago, Aug. 3 – Barclays Bank plc priced $10.85 million of 0% return optimization securities due Aug. 31, 2016 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 of $10 plus triple any gain in the index, up to a maximum return of 15.6%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Return optimization securities
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Underlying index: | Euro Stoxx 50
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Amount: | $10,853,770
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Maturity: | Aug. 31, 2016
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus 300% of any index gain, capped at 15.6%; exposure to any losses
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Initial level: | 3,575.53
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Pricing date: | July 29
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Settlement date: | July 31
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Agents: | UBS Financial Services Inc. and Barclays
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Fees: | 2%
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Cusip: | 06743N389
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