By Angela McDaniels
Tacoma, Wash., April 4 - Barclays Bank plc priced $5 million of 0% notes due April 12, 2016 linked to a basket of indexes and their related currencies, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Hang Seng China Enterprises index with a 33% weight, the Kospi 200 index with a 24% weight, the MSCI Taiwan index with a 21% weight, the Hang Seng index with a 14% weight and the MSCI Singapore Free Price index with an 8% weight.
The related currencies are the Hong Kong dollar for the Hang Seng and Hang Seng China Enterprises, the Korean won for the Kospi, the Taiwan dollar for the MSCI Taiwan and the Singapore dollar for the MSCI Singapore.
The payout at maturity will be par plus the basket return, subject to a minimum payout of par.
The basket return will equal the sum of the weighted component returns for the basket indexes.
The component return for each basket index will be the product of (a) its final level divided by its initial level multiplied by (b) the final spot rate of its related currency relative to the U.S. dollar divided by its initial spot rate.
The final level of each index or currency will be the average of its levels on Oct. 7, 2015, Jan. 7, 2016 and April 7, 2016.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying indexes: | Hang Seng China Enterprises (33% weight), Kospi 200 (24% weight), MSCI Taiwan (21% weight), Hang Seng (14% weight) and MSCI Singapore Free Price (8% weight) and their related currencies
|
| Amount: | $5 million
|
| Maturity: | April 12, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return; floor of par
|
| Pricing date: | March 31
|
| Settlement date: | April 7
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 06738KGC9
|
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