Published on 9/20/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.01 million capped leveraged buffered notes linked to MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Barclays Bank plc priced $3.01 million of 0% capped leveraged buffered notes due Sept. 20, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of $1,264 for each $1,000 principal amount of notes. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that the index may decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $3,007,000
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Maturity: | Sept. 20, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, up to maximum settlement amount of $1,264 for each $1,000 principal amount; par if index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 1,664.77
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Pricing date: | Sept. 16
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Settlement date: | Sept. 23
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741VB92
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