Published on 5/18/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.46 million capped leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., May 18 – Barclays Bank plc priced $11.46 million of 0% capped leveraged buffered notes due July 19, 2017 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 1.4 times any index gain, up to a maximum payout of $1,234.50 per $1,000 note. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% that it declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $11,455,000
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Maturity: | July 19, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.4 times any index gain, subject to 23.45% maximum return; par if index falls by up to 15%; 1.1765% loss per 1% drop beyond 15%
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Initial index level: | 1,942.47
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Pricing date: | May 14
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Settlement date: | May 21
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Underwriter: | Barclays
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Fees: | None
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Cusip: | 06741UWC4
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