Published on 1/22/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.19 million digital notes tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Jan. 22 – Barclays Bank plc priced $5,187,000 of 0% digital notes due July 25, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% barrier level, the payout at maturity will be the maximum settlement amount of $1,122.50 per $1,000 of notes.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Digital notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $5,187,000
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Maturity: | July 25, 2017
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index finishes at or above barrier level, par plus 12.25%; otherwise, 1.1765% loss for each 1% decline beyond 15%
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Initial index level: | 2,882.59
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Barrier level: | 2,450.2015, 85% of initial level
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Pricing date: | Jan. 20
|
Settlement date: | Jan. 27
|
Agent: | Barclays
|
Fees: | 1.31%
|
Cusip: | 06741U3J1
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