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Barclays plans capped leveraged buffered notes on basket of indexes
By Wendy Van Sickle
Columbus, Ohio, June 6 – Barclays Bank plc plans to price 18- to 21-month 0% capped leveraged buffered notes linked to a basket of five indexes, according to a 424B2 filed 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 1.4 times any basket gain, up to a maximum settlement amount of $1,243.60 to $1,285.60 for each $1,000 principal amount of notes. The exact maximum settlement will be set at pricing.
The payout will be par if the basket falls by up to the 12.5% buffer. Investors will lose 1.1429% for every 1% decline beyond the buffer.
Barclays is the agent.
The Cusip number is 06741V4B5.
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