Published on 7/27/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.05 million capped leveraged buffered notes linked to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., July 27 – Barclays Bank plc priced $1.05 million of 0% capped leveraged buffered notes due May 26, 2017 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any index gain, up to a maximum settlement amount of $1,253.50 per $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
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: | $1,049,000
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Maturity: | May 26, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3 times any index gain, subject to 25.35% maximum return; par if index falls by up to 12.5%; 1.1429% loss per 1% drop beyond 12.5%
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Initial index level: | 1,877.14
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Pricing date: | July 23
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Settlement date: | July 30
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Underwriter: | Barclays
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Fees: | None
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Cusip: | 06741UA87
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