By Wendy Van Sickle
Columbus, Ohio, May 29 – Barclays Bank plc priced $44.06 million of 0% Leveraged Index Return Notes due May 28, 2021 linked to a global equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones industrial average with a 50% weight and the Euro Stoxx 50 index with a 50% weight.
If the basket return is positive, the payout at maturity will be par plus 140% of the basket gain.
If the basket falls by up to 20%, the payout will be par. Investors will be exposed to any basket decline beyond 20%.
BofA Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Leveraged Index Return Notes
|
Underlying basket: | Dow Jones industrial average (50% weight), Euro Stoxx 50 index (50% weight)
|
Amount: | $44,061,770
|
Maturity: | May 28, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 140% of any basket gain; par if basket falls by up to 20%; exposure to losses beyond 20%
|
Initial index levels: | 24,811.76 for Dow, 3,521.76 for Euro Stoxx
|
Pricing date: | May 24
|
Settlement date: | June 1
|
Agent: | BofA Merrill Lynch
|
Fees: | 2.25%
|
Cusip: | 06746R379
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.