Published on 4/20/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $7.63 million capped leveraged buffered notes on indexes
By Marisa Wong
Madison, Wis., April 20 – Barclays Bank plc priced $7.63 million of 0% capped leveraged buffered notes due Aug. 19, 2016 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% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.4 times the basket return, subject to a maximum payout of $1,162.40 per $1,000 principal amount of notes.
If the basket return is at least negative 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% basket decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged buffered basket-linked notes
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Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $7,627,000
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Maturity: | Aug. 19, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.4 times the basket return, return capped at 16.24%; par if basket falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
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Initial index levels: | 3,751.72 for Euro Stoxx 50; 7,060.45 for FTSE 100; 1,599.42 for Topix; 9,398.60 for Swiss Market; 5,947.473 for S&P/ASX 200
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Pricing date: | April 16
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Settlement date: | April 23
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741UUH5
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