Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
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.
© 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.