Published on 3/19/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.42 million buffered PLUS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 19 – Barclays Bank plc priced $2.42 million of 0% buffered Performance Leveraged Upside Securities due April 7, 2021 linked to the 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 200% of the index return, subject to a maximum return of 40%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,423,350
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Maturity: | April 7, 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 positive, par plus 200% of index return, subject to 40% maximum return; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
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Initial level: | 3,386.08
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Pricing date: | March 15
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Settlement date: | March 20
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Agent: | Barclays
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 06746Y358
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