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 5/9/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $5.22 million contingent buffered notes on Euro Stoxx

New York, May 9 – Barclays Bank plc priced $5.22 million of 0% contingent buffered notes due Nov. 7, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain. If the index finishes flat or falls but finishes at or above the 72.9% barrier level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Barclays is the underwriter with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:Barclays Bank plc
Issue:Contingent buffered notes
Underlying index:Euro Stoxx 50 index
Amount:$5,222,000
Maturity:Nov. 7, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; if the index finishes flat or falls but finishes at or above the barrier level, par; otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level
Initial level:3,658.79
Barrier level:2,667.26, 72.9% of initial level
Pricing date:May 5
Settlement date:May 10
Underwriter:Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:1.25%
Cusip:06741VUK6

© 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.