Published on 5/4/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.43 million three-year notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 4 – Barclays Bank plc priced $1.43 million of 0% notes due April 30, 2021 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.2 times the gain.
If the index return is negative, the payout will be par plus the index return, subject to a minimum payout of 95% of par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,427,000
|
| Maturity: | April 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any index gain; if index falls, par plus index return, subject to floor of 95% of par
|
| Initial level: | 3,485.83
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Barclays
|
| Fees: | 3.45%
|
| Cusip: | 06746X5F6
|
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