New Issue: Barclays prices $39.52 million capped leveraged buffered notes tied to index basket

By Susanna Moon

Chicago, Sept. 23 – Barclays Bank plc priced $39.52 million of 0% capped leveraged buffered notes due Sept. 26, 2018 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 3 times any basket gain, up to a maximum settlement amount of $1,279 per $1,000 principal amount.

Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped leveraged buffered notes
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)
Amount:	$39,515,000
Maturity:	Sept. 26, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 300% of any basket gain, capped at 27.9%; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial levels:	2,982.18 for Euro Stoxx, 6,834.77 for FTSE, 1,352.67 for Topix, 8,226.47 for Swiss Market and 5,339.557 for S&P/ASX
Pricing date:	Sept. 21
Settlement date:	Sept. 28
Agent:	Barclays
Fees:	1.73%
Cusip:	06741VBL5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.