Published on 7/10/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.28 million capped leveraged notes linked to indexes
By Susanna Moon
Chicago, July 10 – Barclays Bank plc priced $4.28 million of 0% capped leveraged basket-linked notes due Jan. 13, 2017 tied 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 triple any basket gain, up to a maximum settlement amount of $1,193.50 for each $1,000 of notes.
Investors will be exposed to any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged basket-linked notes
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Underlying basket: | Euro Stoxx 50 index (37% weight), the FTSE 100 index (23% weight), the Topix index (23% weight), the Swiss Market index (9% weight) and the S&P/ASX 200 index (8% weight)
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Amount: | $4,275,000
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Maturity: | Jan. 13, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, capped at 19.35%; exposure to any losses
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Initial levels: | 3,327.50 for Euro Stoxx, 6,490.70 for FTSE, 1,582.48 for Topix, 8,852.43 for Swiss Market and 5,469.528 for S&P/ASX 200
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Pricing date: | July 8
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Settlement date: | July 15
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Agent: | Barclays
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Fees: | 1.67%
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Cusip: | 06741UZD9
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