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 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
Maturity:July 25, 2017
Coupon:0%
Price:Par
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%
Initial index level:2,882.59
Barrier level:2,450.2015, 85% of initial level
Pricing date:Jan. 20
Settlement date:Jan. 27
Agent:Barclays
Fees:1.31%
Cusip:06741U3J1

© 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.