By Angela McDaniels
Tacoma, Wash., Jan. 30 - Barclays Bank plc priced $1.65 million of 0% notes due Aug. 2, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng China Enterprises index, the Hang Seng index, the MSCI Taiwan Price index and the MSCI Singapore index.
The basket return will be the average of the four indexes' returns.
If the basket return is positive, the payout at maturity will be par plus 1.45 times the basket return. If the basket declines by 25% or less, the payout will be par. If the basket declines by more than 25%, investors will be fully exposed to the decline from the initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying indexes: | Hang Seng China Enterprises index, Hang Seng index, MSCI Taiwan Price index and MSCI Singapore index
|
| Amount: | $1.65 million
|
| Maturity: | Aug. 2, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 145% of any basket gain; par if basket falls by 25% or less; full exposure to losses if basket falls by more than 25%
|
| Initial index levels: | 12,100.08 for Hang Seng China Enterprises; 23,671.88 for Hang Seng; 276.98 for MSCI Taiwan Price; 366.66 for MSCI Singapore
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | Barclays
|
| Fees: | 2.75%
|
| Cusip: | 06741TMP9
|
© 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.
