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Barclays plans capped leveraged buffered notes linked to index basket
By Susanna Moon
Chicago, Nov. 12 – Barclays Bank plc plans to price 20- to 23-month 0% 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% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.
The payout at maturity will be par plus 1.4 times any basket gain, up to a maximum settlement amount of $1,245 to $1,287 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
The exact maturity date and maximum settlement amount will be set at pricing.
Barclays is the agent.
The Cusip is 06741US96.
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