Published on 2/8/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.28 million capped leveraged notes linked to indexes
By Susanna Moon
Chicago, Feb. 8 – Barclays Bank plc priced $1.28 million of 0% capped leveraged notes due April 6, 2017 linked 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% initial weight, the FTSE 100 index with a 23% initial weight, the Topix index with a 23% initial weight, the Swiss Market index with a 9% initial weight and the S&P/ASX 200 index with an 8% initial weight.
The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of $1,261 per $1,000 principal amount.
Investors will be exposed to any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged notes
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Underlying indexes: | Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Topix (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
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Amount: | $1,279,000
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Maturity: | April 6, 2017
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus triple any index gain, capped at 26.1%; exposure to any losses
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Initial levels: | 2,896.63 for Euro Stoxx, 5,837.14 for FTSE, 1,406.27 for Topix, 8,123.74 for Swiss Market and 4,876.757 for S&P/ASX
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Pricing date: | Feb. 3
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Settlement date: | Feb. 10
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Underwriter: | Barclays
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Fees: | None
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Cusip: | 06741U4L5
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