Published on 10/29/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.17 million leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Oct. 29 - Barclays Bank plc priced $3.17 million of 0% leveraged buffered notes due Jan. 22, 2015 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.2 times the index return, up to a maximum payment of $1,138.60 for each $1,000 principal amount of notes. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $3,172,000
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Maturity: | Jan. 22, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any index gain, up to 13.86% maximum return; par if index falls by up to 10%; 1.1111% loss for each 1% that index declines beyond 10%
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Initial index level: | 1,886.29
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Pricing date: | Oct. 25
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Settlement date: | Nov. 1
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Underwriter: | Barclays
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Fees: | None
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Cusip: | 06741TU21
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