By Toni Weeks
San Diego, March 30 - Barclays Bank plc priced $570,000 of 0% buffered digital plus notes due Sept. 30, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to the 16.5% digital percentage, the payout at maturity will be par plus the index return.
If the index return is greater than or equal to zero and less than 16.5%, the payout will be par plus 16.5%.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond the 15% buffer.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered digital plus notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $570,000
|
| Maturity: | Sept. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is at least 16.5%, par plus index return; if index return is greater than or equal to zero and less than 16.5%, par plus 16.5%; par if index declines by 15%; exposure to losses beyond 15% buffer
|
| Initial index level: | 13,126.21
|
| Pricing date: | March 28
|
| Settlement date: | March 30
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3.5%
|
| Cusip: | 06738KV57
|
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