Published on 9/16/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.28 million capped leveraged buffered notes linked to MSCI Europe
By Angela McDaniels
Tacoma, Wash., Sept. 16 – Barclays Bank plc priced $4.28 million of 0% capped leveraged buffered notes due Sept. 18, 2018 linked to the MSCI Europe 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 plus 1.5 times the index return, subject to a maximum settlement amount of $1,369 for each $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index may decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying index: | MSCI Europe
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Amount: | $4,275,000
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Maturity: | Sept. 18, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, up to maximum settlement amount of $1,369 for each $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 114.25
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Pricing date: | Sept. 13
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Settlement date: | Sept. 20
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06741VB43
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