By Marisa Wong
Madison, Wis., March 30 – Barclays Bank plc priced $19.45 million of 0% Capped Leveraged Index Return Notes due March 31, 2017 linked to a global equity basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with an initial weight of 45% and the MSCI EAFE index and the MSCI Emerging Markets index, each with an initial weight of 27.5%.
The payout at maturity will be par plus two times any basket gain, up to a maximum return of 12.2%.
The payout will be par if the final basket level is at least 90% of the initial level. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying basket: | S&P 500 index (45% weight), MSCI EAFE index (27.5% weight) and MSCI Emerging Markets index (27.5% weight)
|
| Amount: | $19,454,520
|
| Maturity: | March 31, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 200% of basket return, capped at 12.2%; par if basket falls by up to 10%; 1% loss for every 1% drop beyond 10%
|
| Initial basket level: | 100
|
| Pricing date: | March 26
|
| Settlement date: | April 2
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06743N835
|
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