Published on 11/28/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $21.08 million Capped Leveraged Index Return Notes on S&P Biotechnology
By Devika Patel
Knoxville, Tenn., Nov. 28 – Barclays Bank plc priced $21.08 million of 0% Capped Leveraged Index Return Notes due Jan. 26, 2018 linked to the S&P Biotechnology Select Industry, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 26.25%.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
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: | S&P Biotechnology Select Industry
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Amount: | $21,079,510
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Maturity: | Jan. 26, 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, subject to 26.25% maximum return; par if index falls by up to 5%, otherwise 1% loss for every 1% decline beyond 5%
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Initial index level: | 5,013.70
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Pricing date: | Nov. 22
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Settlement date: | Nov. 30
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 06744M653
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