By Susanna Moon
Chicago, Feb. 6 – Barclays Bank plc priced $1.9 million of 0% market-linked step-up notes due Jan. 29, 2021 linked to a basket of indexes, according to an FWP with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei Stock Average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.
If the basket finishes at or above the step-up level – 130.45% of the initial level – the payout at maturity will be par of $10 plus the index gain.
If the basket gains by up to the step-up level, the payout will be par plus the step-up payment of 30.45%.
Otherwise, investors will lose 1% for each 1% decline.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked step-up notes
|
| Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), the S&P/ASX 200 index (7.5% weight) and the Hang Seng index (5% weight)
|
| Amount: | $1,903,150
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If basket finishes above step-up level, par plus gain; if basket gains up to step-up level, par plus 30.45%; exposure to declines
|
| Step-up level: | 130.45% of initial level
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06746V248
|
|
|
|
|
© 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.
