Published on 9/11/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $445,000 notes due 2021 linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – Barclays Bank plc priced $445,000 of 0% notes due Aug. 31, 2021 linked to an equally weighted basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index, the S&P 500 index and the Euro Stoxx Select Dividend 30 index, each with 25% weights.
The payout at maturity will be par plus 1.08 times any basket gain. If the basket falls, investors will be exposed to losses up to 5%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Basket components: | Russell 2000 index, the S&P 500 index and the Euro Stoxx Select Dividend 30 index, each with 33.3333% weights
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Amount: | $445,000
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Maturity: | Aug. 31, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.08 times any basket gain; if basket falls, exposure up to 5% of losses
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Initial levels: | 1,734.75 for Russell, 2,914.04 for S&P, 1,997.3 for Stoxx
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Pricing date: | Aug. 29
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Settlement date: | Sept. 4
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Agent: | Barclays
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Fees: | 0.35%
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Cusip: | 06746XM42
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