Published on 2/27/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $62.29 million capped leveraged notes linked to real estate index
By Angela McDaniels
Tacoma, Wash., Feb. 27 - Barclays Bank plc priced $62.29 million of 0% Capped Leveraged Index Return Notes due Feb. 28, 2014 linked to the Dow Jones U.S. Real Estate index, 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, subject to a maximum return of 34.1%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Bank of America Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying index: | Dow Jones U.S. Real Estate index
|
| Amount: | $62,293,510
|
| Maturity: | Feb. 28, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain in the index, subject to maximum return of 34.1%; par if index falls by up to 10%; exposure to losses beyond 10%
|
| Initial index level: | 234.64
|
| Threshold level | 211.18, 90% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | March 1
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06741L435
|
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