Published on 8/29/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $14.53 million leveraged notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 29 – Barclays Bank plc priced $14.53 million of 0% capped Leveraged Index Return Notes due Aug. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 26.8%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $14,532,560
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Maturity: | Aug. 31, 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, up to 26.8% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index may decline beyond 10%
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Initial index level: | 2,987.69
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Threshold value: | 2,688.92, 90% of initial level
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Final index level: Average of index’s closing levels on five trading days ending Aug. 28, 2018
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Pricing date: | Aug. 25
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Settlement date: | Sept. 1
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06745B870
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