Published on 6/13/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $14.38 million trigger PLUS linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., June 13 – Barclays Bank plc priced $14.38 million of 0% trigger Performance Leveraged Upside Securities due June 3, 2021 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 500% of any index gain, up to a maximum return of 74%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
Issuer: | Barclays Bank plc
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $14,381,660
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Maturity: | June 3, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 500% of any index gain, up to maximum return of 74%; par if the index falls by up to 25%; full exposure to any losses if the index finishes below the trigger value
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Initial level: | 3,554.59
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Trigger value: | 2,665.94, 75% of initial level
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Barclays
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 06746K200
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