Published on 4/15/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.5 million leveraged buffered notes tied to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., April 15 - Barclays Bank plc priced $5.5 million of 0% capped leveraged buffered notes due Aug. 17, 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 1.3 times the index return, subject to a maximum payout of $1,188.50 per $1,000 of notes. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% that the index declines beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered notes
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Underlying index: | MSCI EAFE
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Amount: | $5,497,000
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Maturity: | Aug. 17, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 130% of index return, capped at 18.85%; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
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Initial index level: | 1,896.21
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Pricing date: | April 11
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Settlement date: | April 22
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741UCA0
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