Published on 4/30/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.1 million notes linked to four Asian indexes
By Jennifer Chiou
New York, April 30 - Barclays Bank plc priced $1.1 million of 0% notes due Oct. 30, 2017 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the Hang Seng China Enterprises index, the Hang Seng index, the MSCI Taiwan Price index and the Korea Composite Stock Price Index 200.
If the basket finishes at or above the initial level, the payout at maturity will be par plus 1.3 times any gain.
If the basket falls by up to the 75% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying indexes: | Hang Seng China Enterprises index, Hang Seng index, MSCI Taiwan Price index and Korea Composite Stock Price Index 200, equally weighted
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Amount: | $1.1 million
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Maturity: | Oct. 30, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times any basket gain; par for losses up to 25%; otherwise, full exposure to decline
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Initial index levels: | 9,798.70 for Hang Seng China, 22,223.53 for Hang Seng, 313.43 for MSCI Taiwan and 257.42 for Korea Composite
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Barrier level: | 75% of initial basket level
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | Barclays
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Fees: | 2.75%
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Cusip: | 06741UCU6
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