Published on 11/29/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $9.35 million Capped Leveraged Index Return Notes on index basket
By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – Barclays Bank plc priced $9.35 million of 0% Capped Leveraged Index Return Notes due Nov. 24, 2023 linked to a basket of unequally weighted indexes, 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 Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 10% weight, the S&P/ASX 200 index with a 7.5% weight and the FTSE China 50 index with a 5% weight.
The payout at maturity will be par plus 2 times any basket gain, up to a maximum return of 14.82%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any basket decline beyond 10%.
BofA Securities, Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped Leveraged Index Return Notes
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Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (20% weight), FTSE 100 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight), FTSE China 50 index (5% weight)
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Amount: | $9,347,300
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Maturity: | Nov. 24, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any basket gain, with return capped at 14.82%; par if basket falls by up to 10%; exposure to loss beyond 10%
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Initial index levels: | 4,283.82 for Stoxx, 7,266.69 for FTSE, 29,302.66 for Nikkei, 12,366.73 for Swiss, 7,410.565 for S&P/ASX, 17,782.77 for FTSE China 50
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Pricing date: | Nov. 23
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Settlement date: | Dec. 1
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Agent: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 06747Y530
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