Published on 1/7/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.9 million PLUS on basket of two indexes, four funds
By Susanna Moon
Chicago, Jan. 7 – Barclays Bank PLC priced $5.9 million of 0% Performance Leveraged Upside Securities due Feb. 8, 2016 linked to a basket of two indexes and four exchange-traded 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, the Euro Stoxx 50 index with a 12% weight, the iShares Russell 2000 ETF with a 12% weight, the WisdomTree Japan Hedged Equity Fund with a 12% weight, the Technology Select Sector SPDR Fund with a 12% weight and the Energy Select Sector SPDR Fund with a 12% weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum return of 12%.
Investors will be exposed to any losses.
Barclays is the agent. Morgan Stanley Wealth Management will handle distribution.
| Issuer: | Barclays Bank PLC
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 index (40% weight), the Euro Stoxx 50 index (12% weight), the iShares Russell 2000 ETF (12% weight), the WisdomTree Japan Hedged Equity Fund (12% weight), the Technology Select Sector SPDR Fund (12% weight) and the Energy Select Sector SPDR Fund (12% weight)
|
| Amount: | $5,900,400
|
| Maturity: | Feb. 8, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 12.3%; full exposure to losses
|
| Initial levels: | 2,058.20 for S&P 500, 3,139.44 for Euro Stoxx, $118.97 for iShares Russell, $49.63 for WisdomTree, $41.29 for Technology Select and $79.53 for Energy Select
|
| Pricing date: | Jan. 2
|
| Settlement date: | Jan. 7
|
| Agent: | Barclays with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 1.75%
|
| Cusip: | 06742Y220
|
|
|
|
|
|
|
|
|
© 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.
