Published on 1/27/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.3 million leveraged basket-linked notes on indexes
By Jennifer Chiou
New York, Jan. 27 – Barclays Bank plc priced $11,303,000 of 0% capped leveraged notes due April 5, 2016 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 three times the basket return, capped at 19.05%.
Investors will share in any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged 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: | $11,303,000
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Maturity: | April 5, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus three times basket return, capped at 19.05%; exposure to losses
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Initial index levels: | 3,382.55 for Euro Stoxx 50; 6,832.83 for FTSE 100; 1,403.22 for Topix; 8,161.16 for Swiss Market; 5,501.82 for S&P/ASX 200
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Pricing date: | Jan. 23
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Settlement date: | Jan. 30
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Agent: | Barclays
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Fees: | 1.05%
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Cusip: | 06741UPP3
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