By Susanna Moon
Chicago, Nov. 15 - Barclays Bank plc priced $1 million of 0% buffered Super Track notes due Nov. 15, 2017 based on the performance of an index and three funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, iShares MSCI Emerging Markets index fund with a 40% weight, the iShares MSCI EAFE index fund with a 10% weight and the SPDR S&P BRIC 40 exchange traded fund with a 10% weight.
The payout at maturity will be par plus 1.3525 times any basket gain.
Investors will receive par if the basket falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying basket: | S&P 500 index (40% weight), iShares MSCI Emerging Markets index fund (40% weight), the iShares MSCI EAFE index fund (10% weight) and the SPDR S&P BRIC 40 ETF (10% weight)
|
| Amount: | $1 million
|
| Maturity: | Nov. 15, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 135.25% any index gain; 1% loss per 1% drop beyond 25%
|
| Initial levels: | 1,218.71 for the S&P, $48.03 for the MSCI EM, $58.42 for the MSCI EAFE and $28.08 for the SPDR BRIC
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06740PL53
|
© 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.
