Published on 6/5/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.86 million return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, June 4 - Barclays Bank plc priced $3.86 million of 0% return enhanced notes due June 19, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 21.1%.
Investors will be exposed to any losses.
Barclays Capital Inc. is the agent, and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the distributors.
Issuer: | Barclays Bank plc
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $3,863,000
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Maturity: | June 19, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 21.1%; exposure to any losses
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Initial level: | 1,278.04
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Pricing date: | June 1
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Settlement date: | June 6
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Agent: | Barclays Capital Inc., with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors
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Fees: | 1%
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Cusip: | 06741TAB3
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