By Angela McDaniels
Tacoma, Wash., June 28 - Barclays Bank plc priced $950,000 of annual reset coupon buffered notes due June 30, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually and will equal 5.25% if the index's return for that year is positive or zero. Otherwise, the coupon will be the 4% for that year. The index's return will be measured from its level a year earlier.
The payout at maturity will be par unless the final index level is less than 85% of the initial index level, in which case investors will lose 1% for every 1% that the index declines below the buffer.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Annual reset coupon buffered notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $950,000
|
| Maturity: | June 30, 2017
|
| Coupon: | 5.25% if year-over-year index return is positive or zero, otherwise 4%; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par if final index level is at least 85% of initial level; otherwise, 1% loss for every 1% that index declines beyond 15%
|
| Initial index level: | 12,534.67
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3.5%
|
| Cusip: | 06741TAH0
|
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