Published on 10/4/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $16.56 million Leveraged Index Return Notes on real estate index
By Marisa Wong
Morgantown, W.Va., Oct. 4 – Barclays Bank plc priced $16.56 million of 0% capped Leveraged Index Return Notes due Sept. 28, 2018 linked to the Dow Jones U.S. Real Estate 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 of $10 plus 200% of the index return, subject to a maximum return of 20.92%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Dow Jones U.S. Real Estate index
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Amount: | $16,558,060
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Maturity: | Sept. 28, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 20.92%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial level: | 319.53
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Threshold level: | 287.58, 90% of initial level
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Pricing date: | Sept. 29
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Settlement date: | Oct. 6
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06745B581
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