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Barclays plans capped leveraged buffered notes linked to index basket
By Marisa Wong
Madison, Wis., June 30 – Barclays Bank plc plans to price 0% 18- to 21-month capped leveraged buffered notes 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, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.4 times any basket gain, subject to a maximum settlement amount of $1,159.60 to $1,187.60 per $1,000 principal amount of notes. The exact maximum settlement amount will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% basket decline beyond the 10% buffer.
Barclays is the agent.
The Cusip number is 06741UYU2.
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