Published on 9/5/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $15.71 million Leveraged Index Return Notes on indexes
By Marisa Wong
Morgantown, W.Va., Sept. 5 – Barclays Bank plc priced $15.71 million of 0% Leveraged Index Return Notes due Aug. 28, 2020 linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is positive, the payout at maturity will be par plus 248.5% of the basket gain. Investors will be exposed to any basket decline.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
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Issue: | Leveraged Index Return Notes
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Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei 225 index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
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Amount: | $15,712,560
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Maturity: | Aug. 28, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 248.5% of any basket gain; full exposure to losses
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Initial index levels: | 3,430.99 for Euro Stoxx, 7,516.03 for FTSE, 22,869.50 for Nikkei, 9,042.06 for Swiss Market, 6,351.762 for S&P/ASX, 28,164.05 for Hang Seng
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Final levels: | Average of closing values on five trading days ending Aug. 25, 2020
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Pricing date: | Aug. 30
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Settlement date: | Sept. 7
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06746T334
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