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Barclays plans Leveraged Index Return Notes on basket of three indexes
By Marisa Wong
Morgantown, W.Va., Jan. 29 – Barclays Bank plc plans to price 0% Leveraged Index Return Notes due January 2023 linked to a global equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones industrial average with a 40% weight, the Euro Stoxx 50 index with a 40% weight and the MSCI Emerging Markets index with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 127.5% to 147.5% of the basket gain.
If the basket falls by up to 20%, the payout will be par.
Investors will be exposed to any basket decline beyond 20%.
BofA Merrill Lynch is the agent.
The notes will price in January and settle in February.
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