Published on 3/11/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.16 million capped leveraged notes on index basket
By Toni Weeks
San Luis Obispo, Calif., March 11 – Barclays Bank plc priced $6,155,000 of 0% capped leveraged notes due April 14, 2016 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% 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.
If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum payout of $1,165 per $1,000 principal amount of notes. Investors will share in 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 indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $6,155,000
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Maturity: | April 14, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 3 times the basket return, with maximum payout of $1,165 per $1,000 of notes; exposure to losses
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Initial index levels: | 3,610.28 for Euro Stoxx 50; 6,876.47 for FTSE 100; 1,531.76 for Topix; 9,046.88 for Swiss Market; 5,821.35 for S&P/ASX 200
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Pricing date: | March 9
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Settlement date: | March 16
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Agent: | Barclays
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Fees: | 1.14%
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Cusip: | 06741USE5
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