Published on 5/18/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.2 million of digital notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, May 18 – Barclays Bank plc priced $9.2 million of 0% digital notes due June 14, 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 90% of its initial index level, the payout at maturity will be par plus the digital return of 10.5%.
Investors will lose 1.1111% for each 1% decline in the index beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Digital notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $9,198,000
|
Maturity: | June 14, 2017
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If index return is greater than or equal to negative 10%, $1,105; 1.1111% loss for every 1% that index declines beyond 10%
|
Initial index level: | 2,956.63
|
Pricing date: | May 13
|
Settlement date: | May 18
|
Agent: | Barclays
|
Fees: | 1.04%%
|
Cusip: | 06741V3Q3
|
|
© 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.