New Issue: Barclays prices $1.07 million PLUS linked to Euro Stoxx 50 via Morgan Stanley

By Jennifer Chiou

New York, June 28 - Barclay Bank plc priced $1.07 million of 0% Performance Leveraged Upside Securities due Dec. 29, 2011 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Morgan Stanley Smith Barney LLC and Barclays Capital Inc. are the agents.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum gain of $13.165 per note.

Investors will be exposed to any index decline.

Issuer:	Barclays Bank plc
Issue:	Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$1,065,740
Maturity:	Dec. 29, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 31.65%; exposure to any losses
Initial index level:	2,629.25
Pricing date:	June 25
Settlement date:	June 29
Agents:	Morgan Stanley Smith Barney LLC and Barclays Capital Inc.
Fees:	2%
Cusip:	06740L345

© 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.