New Issue: Barclays prices $2.41 million leveraged buffered notes tied to indexes

By Susanna Moon

Chicago, June 14 – Barclays Bank plc priced $2.41 million of 0% capped leveraged buffered notes due Feb. 6, 2018 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 1.4 times any basket gain, up to a maximum settlement amount of $1,282.80 per $1,000 note.

Investors will receive par if the basket declines by up to 12.5% and lose 1.1429% for every 1% decline beyond 12.5%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped leveraged buffered notes
Underlying indexes:	Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Topix index (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
Amount:	$2,412,000
Maturity:	Feb. 6, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.4 times any basket gain, capped at 28.28%; par if basket declines by up to 12.5%; 1.1429% loss per 1% drop beyond 12.5%
Pricing date:	June 1
Settlement date:	June 8
Agent:	Barclays
Fees:	None
Cusip:	06741V4B5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.