Published on 4/22/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $19 million leveraged notes on Taiwan, Hang Seng China
By Susanna Moon
Chicago, April 22 – Barclays Bank plc priced $18.97 million of 0% leveraged notes due Oct. 25, 2016 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Taiwan Stock Exchange Capitalization Weighted Stock index with an 80% weight and the Hang Seng China Enterprises index with a 20% weight.
The payout at maturity will be par plus 1.59 times any basket gain.
Investors will be exposed to any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Leveraged basket-linked notes
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Underlying indexes: | Taiwan Stock Exchange Capitalization Weighted Stock index (80% weight) and the Hang Seng China Enterprises index (20% weight)
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Amount: | $18.97 million
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Maturity: | Oct. 25, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.59 times any basket gain; exposure to any losses
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Initial index levels: | 9,552.85 for Taiwan, 14,111.34 for Hang Seng China
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Pricing date: | April 20
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Settlement date: | April 27
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Agent: | Barclays
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Fees: | 1.67%
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Cusip: | 06741UUL6
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