Published on 5/6/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.28 million market-linked notes linked to Stoxx
Chicago, May 6 – Barclays Bank plc priced $4.28 million of 0% market-linked notes due May 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return. If the final index level is less than or equal to the initial index level but greater than 75% of the initial level, the payout will be par. Otherwise, investors will be fully exposed to the losses of the index.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $4,277,000
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Maturity: | May 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, ; if final index level is less than or equal to initial index level and above 75% of initial level, par; otherwise full exposure to losses
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Initial level: | 3,514.62
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Threshold level: | 2,635.965, 75% of initial level
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Pricing date: | April 30
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Settlement date: | May 3
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Agents: | Wells Fargo Securities LLC and Barclays Capital Inc.
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Fees: | 3.89%
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Cusip: | 06747MMC7
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