Published on 8/18/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.6 million PLUS tied to Nikkei 225, Topix
By Wendy Van Sickle
Columbus, Ohio, Aug. 18 – Barclays Bank plc priced $3.6 million of 0% Performance Leveraged Upside Securities due Feb. 21, 2019 linked to the Topix index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any gain of the lesser performing index, up to a maximum return of 32.4%.
Investors will be fully exposed to any loss of the lesser performing index.
Barclays is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying indexes: | Nikkei 225, Topix
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Amount: | $3.6 million
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Maturity: | Feb. 21, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 32.4%; one-to-one exposure to declines in laggard index
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Initial levels: | 1,616.00 for Topix, 19,729.28 for Nikkei
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Pricing date: | Aug. 16
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Settlement date: | Aug. 21
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Agent: | Barclays with Morgan Stanley Smith Barney LLC handling distribution
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Fees: | 2.5%
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Cusip: | 06746L398
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