Published on 4/19/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.26 million buffered PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 19 – Barclays Bank plc priced $1.26 million of 0% buffered Performance Leveraged Upside Securities due Nov. 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum return of 36.85%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1,257,250
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Maturity: | Nov. 5, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to 36.85% maximum return; par if index drops 10% or less; 1% loss for every 1% decline beyond 10%
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Initial level: | 3,054.34
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Pricing date: | April 15
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Settlement date: | April 20
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Agent: | Barclays
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 06744K616
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