Published on 3/26/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.79 million capped leveraged notes on five indexes
By Jennifer Chiou
New York, March 26 – Barclays Bank plc priced $9,785,000 of 0% capped leveraged notes due Sept. 29, 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.
The payout at maturity will be par plus two times any basket gain, up to a maximum settlement amount of $1,278 for each $1,000 principal amount.
Investors will share in losses.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped leveraged basket-linked notes
|
| Underlying basket: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
|
| Amount: | $9,785,000
|
| Maturity: | Sept. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 200% of basket return, with maximum payout of $1,278 per $1,000 of notes; exposure to losses
|
| Initial index levels: | 3,731.35 for Euro Stoxx, 7,019.68 for FTSE 100, 1,587.59 for Topix, 9,292.68 for Swiss Market and 5,969.083 for S&P/ASX
|
| Initial basket level: | 100
|
| Pricing date: | March 24
|
| Settlement date: | March 31
|
| Underwriter: | Barclays
|
| Fees: | 1.34%
|
| Cusip: | 06741USU9
|
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