By Angela McDaniels
Tacoma, Wash., Dec. 23 - Barclays Bank plc priced $1.2 million of 0.7% notes due Dec. 24, 2015 linked to the Barclays Capital Commodity Producers Currency Index - 6 VA USD Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 190% of any increase in the index. If the index declines, the payout will be par.
The index seeks to capture the returns that are potentially available from a future appreciation of an equally weighted basket of currencies relative to the U.S. dollar, less hedging costs and an index fee. The basket includes the Australian dollar, Brazilian real, Canadian dollar, Norwegian krone, Russian ruble and South African rand.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Capital Commodity Producers Currency Index - 6 VA USD Excess Return
|
| Amount: | $1.2 million
|
| Maturity: | Dec. 24, 2015
|
| Coupon: | 0.75%, payable annually
|
| Price: | Par
|
| Payout at maturity: | Par plus 190% of any index gain; floor of par
|
| Initial index level: | 166.8413
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06740PYH3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
