Published on 11/1/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.09 million seven-year notes on Trailblazer Sectors
By Marisa Wong
Morgantown, W.Va., Nov. 1 – Barclays Bank plc priced $3.09 million of 0% notes due Oct. 31, 2024 linked to the Barclays Trailblazer Sectors 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain. If the index finishes flat or falls, the payout will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Trailblazer Sectors 5
|
| Amount: | $3,088,000
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| Maturity: | Oct. 31, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain; par if index finishes flat or falls
|
| Initial level: | 189.0142
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | Barclays
|
| Fees: | 4.125%
|
| Cusip: | 06744C6N6
|
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