New Issue: Barclays prices $680,000 market plus notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 20 – Barclays Bank plc priced $680,000 of 0% market plus notes due April 26, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the barrier level, 85.15% of the initial index level, the payout at maturity will be par plus the greater of the index return and zero. If the final index level is less than the barrier value, investors will be fully exposed to the index’s decline.

Barclays is the underwriter. J.P. Morgan Securities LLC is the placement agent.

Issuer:	Barclays Bank plc
Issue:	Market plus notes
Underlying:	Euro Stoxx 50
Amount:	$680,000
Maturity:	April 26, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to barrier level, par plus greater of index return and zero; if final index level is less than barrier value, full exposure to index’s decline
Initial index level:	3,264.93
Barrier level:	2,780.09, 85.15% of initial level
Final index level:	Average of index’s closing levels on five trading days ending April 21, 2017
Pricing date:	Oct. 16
Settlement date:	Oct. 21
Underwriter:	Barclays
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	06741UP73

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.