Published on 6/27/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $16.66 million leveraged index return notes on DJ Global Titans 50
By Jennifer Chiou
New York, June 27 - Barclays Bank plc priced $16.66 million of 0% Leveraged Index Return Notes due June 28, 2013 linked to the Dow Jones Global Titans 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 113.5% of any index gain.
Investors will receive par if the index falls by up to 5% and will be exposed to any decline beyond 5%.
Bank of America Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
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Issue: | Leveraged index return notes
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Underlying index: | Dow Jones Global Titans 50
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Amount: | $16,663,450
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Maturity: | June 28, 2013
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par of $10 plus 113.5% of any index gain; par if index falls up to 5%, with exposure to losses beyond 5%
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Initial level: | 177.84
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Pricing date: | June 23
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Settlement date: | July 1
|
Agent: | Bank of America Merrill Lynch
|
Fees: | 2%
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Cusip: | 06741K429
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