Published on 1/30/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $19.02 million leveraged notes linked to index basket
By Angela McDaniels
Tacoma, Wash., Jan. 30 – Barclays Bank plc priced $19.02 million of 0% leveraged notes due Feb. 2, 2017 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 1.35 times the basket return. If the basket return is negative, investors will be fully exposed to the decline.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Leveraged 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: | $19,022,000
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Maturity: | Feb. 2, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 135% of any basket increase; full exposure to any basket decline
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Pricing date: | Jan. 28
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Settlement date: | Feb. 4
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Underwriter: | Barclays
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Fees: | 2%
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Cusip: | 06741UPY4
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