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 capped Leveraged Index Return Notes linked to indexes
By Susanna Moon
Chicago, Aug. 29 – Barclays Bank plc plans to price 0% capped Leveraged Index Return Notes due September 2019 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with an initial weight of 33.34%, and the Euro Stoxx 50 index and the MSCI Emerging Markets index each with an initial weight of 33.33%.
The payout at maturity will be par of $10 plus 145% to 165% of any basket gain, up to a maximum return of 17.5% to 21.5%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the underwriter.
The notes will price in September and settle in October.
© 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.