By Jennifer Chiou
New York, Oct. 8 - Barclays Bank plc priced $4 million of 0.75% medium-term notes due Oct. 13, 2017 linked to Clorox Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be the greater of par and the alternative redemption amount, which will equal par times a ratio determined by dividing the settlement value by the threshold value.
The threshold value is 123.9% of the initial stock price.
The notes may be called beginning on Oct. 13, 2013. Holders may put back the securities at the alternative redemption amount at anytime up to eight business days prior to maturity.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Medium-term notes
|
| Underlying stock: | Clorox Co. (Symbol: CLX)
|
| Amount: | $4 million
|
| Maturity: | Oct. 13, 2017
|
| Coupon: | 0.75%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Greater of par and alternative redemption amount, which equals par times a ratio determined by dividing the settlement value by the threshold value
|
| Call: | Beginning Oct. 13, 2013 with put at the alternative redemption amount at anytime up to eight business days prior to maturity
|
| Initial price: | $67.12
|
| Threshold value: | $83.1616, 123.9% of $67.12
|
| Pricing date: | Oct. 7
|
| Settlement date: | Oct. 13
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.7%
|
| Cusip: | 06740PSZ0
|
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