Published on 9/9/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.74 million leveraged market-linked notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Sept. 9 – Barclays Bank plc priced $1.74 million of 0% market-linked notes with leveraged upside participation and fixed percentage buffered downside due Sept. 6, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% times any index gain.
Investors will receive par if the index finishes flat or falls by up to 25% and lose 1% for each 1% decline beyond 25%.
Wells Fargo Securities, LLC and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes with leveraged upside participation and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1,737,000
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Maturity: | Sept. 6, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any index gain; par if index falls by up to 25%; exposure to decline beyond 25%
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Initial price: | 3,426.76
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Threshold price: | 2,570.07, 75% of initial price
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agents: | Wells Fargo Securities, LLC and Barclays
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Fees: | 2.54%
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Cusip: | 06747NBJ2
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