By Susanna Moon
Chicago, Feb. 24 – Barclays Bank plc priced $3 million of 0% capped notes due Aug. 27, 2018 linked to Walt Disney Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any stock gain, up to a maximum return of 24.5%.
If the stock falls by up to 20%, the payout will be par.
If the stock falls below the 80% barrier level, investors will be fully exposed to any losses.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Barclays Bank plc
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| Issue: | Capped notes
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| Underlying stock: | Walt Disney Co. (Symbol: DIS)
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| Amount: | $3 million
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| Maturity: | Aug. 27, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any stock gain, capped at 24.5%; if stock falls by up to barrier level, par; otherwise, 1% loss for each 1% decline
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| Initial level: | $110.12
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| Barrier level: | $88.10, 80% of initial level
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
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| Agent: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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| Fees: | 1.25%
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| Cusip: | 06741VLA8
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