E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/8/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $4.3 million 5.1% buffered notes linked to EAFE ETF, Russell

By Angela McDaniels

Tacoma, Wash., May 8 – Barclays Bank plc priced $4.3 million of 5.1% buffered notes due Dec. 7, 2018 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser-performing underlier is greater than or equal to negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the lesser-performing underlier declines beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered notes
Underliers:Russell 2000 index and iShares MSCI EAFE ETF
Amount:$4.3 million
Maturity:Dec. 7, 2018
Coupon:5.1%, payable monthly
Price:Par
Payout at maturity:If return of lesser-performing underlier is greater than or equal to negative 20%, par; otherwise, 1.25% loss for every 1% that lesser-performing underlier declines beyond 20%
Initial levels:1,390.92 for index and $64.26 for ETF
Pricing date:May 4
Settlement date:May 9
Agent:Barclays
Fees:None
Cusip:06741VUV2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.