New Issue: Barclays prices $2.73 million enhanced step-up notes linked to index basket

By Angela McDaniels

Tacoma, Wash., Dec. 6 – Barclays Bank plc priced $2.73 million of 0% enhanced market-linked step-up notes with buffer due Nov. 29, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 33.33% weight, the MSCI Emerging Markets index with a 33.33% weight, the Euro Stoxx 50 index with a 13.33% weight, the FTSE 100 index with a 6.67% weight, the Nikkei 225 index with a 6.67% weight, the Swiss Market index with a 2.5% weight, the S&P/ASX 200 index with a 2.5% weight and the Hang Seng index with a 1.67% weight.

If the final basket level is greater than the step-up value, 129.5% of the initial basket level, the payout at maturity will be par of $10 plus the basket gain.

If the final basket level is less than or equal to the step-up level but greater than or equal to the threshold value, 90% of the initial basket level, the payout will be par plus 29.5%.

If the final basket level is less than the threshold value, investors will lose 1% for every 1% that the basket declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Enhanced market-linked step-up notes with buffer
Underlying indexes:	S&P 500 (33.33% weight), MSCI Emerging Markets (33.33% weight), Euro Stoxx 50 (13.33% weight), FTSE 100 (6.67% weight), Nikkei 225 (6.67% weight), Swiss Market (2.5% weight), S&P/ASX 200 (2.5% weight) and Hang Seng (1.67% weight).
Amount:	$2,730,380
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final basket level is greater than step-up value, 129.5% of initial basket level, par plus basket gain; if final basket level is less than or equal to step-up level but greater than or equal to threshold value, 90% of initial basket level, par plus 29.5%; if final basket level is less than threshold value, 1% loss for every 1% that basket declines beyond 10%
Initial levels:	3,140.52 for S&P 500, 1,047.84 for MSCI Emerging Markets, 3,705.55 for Euro Stoxx 50, 7,403.14 for FTSE 100, 23,373.32 for Nikkei 225, 10,506.93 for Swiss Market, 6,787.530 for S&P/ASX 200 and 26,913.92 for Hang Seng
Pricing date:	Nov. 26
Settlement date:	Dec. 4
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06747D262

© 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.