New York, Nov. 29 - Barclays Bank plc priced $6.47 million of 0% performance securities with contingent protection due Nov. 30, 2015 linked to an international fund basket, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying basket is made up of the iShares MSCI EAFE Index Fund with a 70% weight and the iShares MSCI Emerging Markets Index Fund with a 30% weight.
The payout at maturity will be par of $10 plus 102.53% of any basket gain.
Investors will receive par if the basket falls by up to 50% and will lose 1% for every 1% decline if the basket falls past the 50% trigger level.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance securities with contingent protection
|
| Underlying funds: | iShares MSCI EAFE Index Fund with a 70% weight, iShares MSCI Emerging Markets Index Fund with a 30% weight
|
| Amount: | $6,474,000
|
| Maturity: | Nov. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 102.53% of any basket gain; par if basket falls by 50% or less; exposure to losses if basket falls past 50% trigger
|
| Initial level: | $56.32 for EAFE, $45.95 for EM
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 3.5%
|
| Cusip: | 06740C238
|
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