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Published on 9/22/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.36 million of buffered PLUS with cap tied to Stoxx 50

By Susanna Moon

Chicago, Sept. 22 – Barclays Bank plc priced $2.36 million of 0% buffered Performance Leveraged Upside Securities due April 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum payment of $13.50 per PLUS.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$2,356,400
Maturity:April 3, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, capped at 35%; if index declines by 10% or less, par; otherwise, 1% loss for each 1% decline beyond 10%
Initial level:3,515.55
Pricing date:Sept. 15
Settlement date:Sept. 20
Agent:Barclays
Fees:2.5%
Cusip:06746L182

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