Published on 7/27/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.19 million leveraged buffered notes tied to indexes
By Susanna Moon
Chicago, July 27 – Barclays Bank plc priced $4.19 million of 0% capped leveraged buffered notes due Jan. 2, 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 1.5 times any basket gain, up to a maximum settlement amount of $1,211.50 per $1,000 note.
Investors will receive par if the basket falls by up to 12.5% and lose 1.1429% for every 1% decline beyond 12.5%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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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)
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Amount: | $4,193,000
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Maturity: | Jan. 2, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any basket gain, capped at 21.15%; par if basket declines by up to 12.5%; 1.1429% loss per 1% drop beyond 12.5%
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Initial levels: | 2,973.22 for Stoxx, 6,710.13 for FTSE, 1,325.36 for Topix, 8,194.41 for Swiss Market and 5,533.563 for S&P/ASX
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Pricing date: | July 25
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Settlement date: | Aug. 1
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741V6R8
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