Published on 7/2/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.99 million digital notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., July 2 – Barclays Bank plc priced $1.99 million of 0% digital notes due Sept. 25, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is at least negative 15%, the payout at maturity will be par plus 9.9%.
Otherwise, investors will lose 1% for every 1% index decline.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Digital notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,985,000
|
| Maturity: | Sept. 25, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is at least negative 15%, par plus 9.9%; otherwise, full exposure to losses
|
| Initial level: | 3,441.60
|
| Barrier level: | 2,925.36, 85% of initial level
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Agent: | Barclays
|
| Fees: | 1.12%
|
| Cusip: | 06746XFP3
|
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