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
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Issue: | Leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $4,404,000
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Maturity: | May 18, 2015
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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 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
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Initial index level: | 1,676.65
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Pricing date: | June 13
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Settlement date: | June 20
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Underwriter: | Barclays
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Fees: | None
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Cusip: | 06741TXK8
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