E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/17/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $4.4 million leveraged buffered notes linked to MSCI EAFE

By Angela McDaniels

Tacoma, Wash., June 17 - Barclays Bank plc priced $4.4 million of 0% leveraged buffered notes due May 18, 2015 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any gain in the index, up to a maximum payment of $1,221 for each $1,000 principal amount. Investors will receive par if the index falls by up to 17.5% and will lose 1.2121% for every 1% that it declines beyond 17.5%, if any.

Barclays is the underwriter.

Issuer:Barclays Bank plc
Issue:Leveraged buffered notes
Underlying index:MSCI EAFE
Amount:$4,404,000
Maturity:May 18, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.3 times any gain, up to 22.1% maximum return; par if index falls by up to 17.5%; 1.2121% loss for each 1% that index declines beyond 17.5%, if any
Initial index level:1,676.65
Pricing date:June 13
Settlement date:June 20
Underwriter:Barclays
Fees:None
Cusip:06741TXK8

© 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.