By Susanna Moon
Chicago, March 3 – Barclays Bank plc priced $1.5 million of 0% capped buffered return enhanced notes due June 28, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 18.5%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
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 buffered return enhanced notes
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| Underlying index: | Stoxx Europe 600
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| Amount: | $1.5 million
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| Maturity: | June 28, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 18.5%; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
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| Initial level: | 370.01
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| Barrier level: | 333.01, 90% of initial level
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| Pricing date: | Feb. 24
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| Settlement date: | March 1
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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: | 1.16%
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| Cusip: | 06741VLE0
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