Published on 6/14/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.41 million leveraged buffered notes tied to indexes
By Susanna Moon
Chicago, June 14 – Barclays Bank plc priced $2.41 million of 0% capped leveraged buffered notes due Feb. 6, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.4 times any basket gain, up to a maximum settlement amount of $1,282.80 per $1,000 note.
Investors will receive par if the basket declines by up to 12.5% and lose 1.1429% for every 1% decline beyond 12.5%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying indexes: | Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Topix index (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
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Amount: | $2,412,000
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Maturity: | Feb. 6, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.4 times any basket gain, capped at 28.28%; par if basket declines by up to 12.5%; 1.1429% loss per 1% drop beyond 12.5%
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Pricing date: | June 1
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Settlement date: | June 8
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741V4B5
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