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Barclays plans two-year leveraged return notes tied to index basket
By Susanna Moon
Chicago, June 6 – Barclays Bank plc plans to price 0% Leveraged Index Return Notes due June 2020 linked to a basket of six indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus 155% to 175% of any basket gain, with the exact participation rate to be set at pricing.
Investors will receive par if the basket falls by up to 7% and will be exposed to any losses beyond 7%.
BofA Merrill Lynch is the agent.
The notes will price and settle in June.
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