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Barclays plans two-year capped leveraged return notes tied to S&P 500
By Susanna Moon
Chicago, Jan. 6 – Barclays Bank plc plans to price 0% Capped Leveraged Index Return Notes due January 2017 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a weight of 45%, the MSCI EAFE index with a weight of 27.5% and the MSCI Emerging Markets index with a weight of 27.5%.
The payout at maturity will be par plus double any basket gain, up to a return of 12% to 16%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
The notes will price and settle in January.
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