Published on 5/12/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.54 million notes linked to return enhanced indexes
By Angela McDaniels
Tacoma, Wash., May 12 – Barclays Bank plc priced $3.54 million of 0% notes due Sept. 13, 2016 linked to a weighted basket of capped return enhanced components, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 58% weight, the FTSE 100 index with a 21% weight and the Topix index with a 21% weight
The payout at maturity will be par plus the basket return, which will equal the sum of the weighted component returns of the basket indexes.
If an index's final level is greater than its initial level, its component return will be double its index return, subject to a maximum return of 27.8% for each index. If an index’s final level is less than or equal to its initial level, its component return will be equal to its index return.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes linked to weighted basket of capped return enhanced components
|
| Underlying indexes: | Euro Stoxx 50 (58% weight), FTSE 100 (21% weight) and Topix (21% weight)
|
| Amount: | $3,535,000
|
| Maturity: | Sept. 13, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, which equals sum of weighted component returns of basket indexes
|
| Component return: | If index's final level is greater than initial level, 200% of index return, subject to maximum return of 27.8%; if index’s final level is less than or equal to initial level, amount equal to index return
|
| Initial levels: | 3,649.48 for Euro Stoxx 50, 7,046.82 for FTSE 100 and 1,587.76 for Topix
|
| Pricing date: | May 8
|
| Settlement date: | May 13
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.16%
|
| Cusip: | 06741UWA8
|
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