Published on 7/23/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.03 million digital notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 23 – Barclays Bank plc priced $5.03 million of 0% digital notes due Jan. 26, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 90% barrier level, the payout at maturity will be the threshold settlement amount of $1,090 for each $1,000 principal amount.
Otherwise, investors will lose 1.1111% for each 1% declines beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $5.03 million
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Maturity: | Jan. 26, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above barrier, par plus 9%; otherwise, 1.1111% loss per 1% decline beyond 10%
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Initial index level: | 3,647.96
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Barrier level: | 90% of initial level
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Pricing date: | July 21
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Settlement date: | July 28
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Agent: | Barclays
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Fees: | 1.67%
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Cusip: | 06741UA46
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