Published on 1/25/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.11 million notes on Barclays Trailblazer Sectors 5
By Marisa Wong
Morgantown, W.Va., Jan. 25 – Barclays Bank plc priced $3.11 million of 0% notes due Jan. 25, 2023 linked to the Barclays Trailblazer Sectors 5 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus 3 times any index gain. If the index finishes flat or falls, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | Barclays Trailblazer Sectors 5
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Amount: | $3,112,000
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Maturity: | Jan. 25, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 3 times the index return; otherwise, par
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Initial level: | 177.3589
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Agent: | Barclays
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Fees: | 4%
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Cusip: | 06741VG30
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