Published on 9/29/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.23 million bearish notes tied to euro versus dollar
New York, Sept. 29 – Barclays Bank plc priced $10.23 million of 0% FX-linked notes due Oct. 1, 2015 tied to the bearish performance of the euro relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the euro depreciates versus the dollar, the payout at maturity will be 93% of par plus double the absolute value of the change in the exchange rate. If the euro gains, the payout at maturity will be 93% of par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | FX-linked notes
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Underlying currency: | Euro versus the dollar
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Amount: | $10,225,000
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Maturity: | Oct. 1, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If euro depreciates versus the dollar, 93% of par plus double the absolute value of the change in the exchange rate; if the euro gains, 93% of par
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Initial exchange rate: | 1.2712
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | Barclays
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Fees: | 1.25%
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Cusip: | 06741UKB9
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