Published on 9/23/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.24 million capped leveraged buffered notes linked to index basket
By Angela McDaniels
Tacoma, Wash., Sept. 23 – Barclays Bank plc priced $1.24 million of 0% capped leveraged buffered notes due Sept. 26, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum settlement amount of $1,382.50 for each $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that the basket may decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $1,243,000
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Maturity: | Sept. 26, 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 basket gain, up to maximum settlement amount of $1,382.50 for each $1,000 principal amount; par if basket falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
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Initial index levels: | 2,982.18 for Euro Stoxx 50, 6,834.77 for FTSE 100, 1,352.67 for Topix, 8,226.47 for Swiss Market and 5,339.557 for S&P/ASX 200
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Pricing date: | Sept. 21
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Settlement date: | Sept. 28
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06741VB50
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