Published on 6/21/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.14 million of digital notes linked to Stoxx, Russell
By Wendy Van Sickle
Columbus, Ohio, June 21 – Barclays Bank plc priced $1.14 million of 0% digital notes due Dec. 21, 2017 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its barrier, 75% of its initial index level, the payout at maturity will be par plus the digital return of 13.3%.
Otherwise, investors will be fully exposed to the loss of the lesser performing index.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying indexes: | Euro Stoxx 50 and Russell 2000
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Amount: | $1.14 million
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Maturity: | Dec. 21, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above barrier, 75% of initial level, par plus 13.3%; otherwise, full exposure to decline of lesser performing index
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Initial index levels: | 2,849.17 for S&P, 1,144.70 for Russell
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Barrier levels: | 2,136.88 for S&P, 858.53 for Russell, 75% of initial levels
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Pricing date: | June 17
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Settlement date: | June 24
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Agent: | Barclays
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Fees: | 1.5%
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Cusip: | 06741V4F6
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