Published on 7/30/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $517,420 of trigger gears linked to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., July 30 – Barclays Bank plc priced $517,420 of 0% trigger gears due July 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.73 times the index return. Investors will receive par if the index declines by 30% or less and will lose 1% for each 1% decline if the index falls beyond 30%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Trigger gears
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Underlying index: | Euro Stoxx 50
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Amount: | $517,420
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Maturity: | July 29, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is greater than zero, par plus 2.73 times index return; par if index declines by 30% or less; 1% loss for each 1% decline if the index falls beyond 30%
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Initial index level: | 3,527.18
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Downside threshold: | 2,469.03, 70% of initial level
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Pricing date: | July 27
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Settlement date: | July 31
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Agent: | Barclays
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Fees: | None
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Cusip: | 06746T573
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