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Published on 5/2/2018 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.28 million 18-month notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., May 2 – Barclays Bank plc priced $1.28 million of 0% notes due Oct. 30, 2019 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and 12.15%.

If the index falls by up to 30%, the payout will be par.

If the index falls by more than 30%, investors will be fully exposed to the decline from the initial level.

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

Issuer:Barclays Bank plc
Issue:Notes
Underlying index:Euro Stoxx 50 index
Amount:$1,275,000
Maturity:Oct. 30, 2019
Coupon:0%
Price:Par
Payout at maturity:If the index finishes at or above its initial level, par plus the greater of the index return and 12.15%; if the index falls by up to 30%, par; if the index falls by more than 30%, full exposure to losses
Initial level:3,518.78
Barrier value:2,463.15, 70% of initial level
Final level:Average of closing levels on five trading days ending Oct. 25, 2019
Pricing date:April 27
Settlement date:May 2
Underwriter:Barclays
Placement agents:JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:1.25%
Cusip:06746XA94

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