By Susanna Moon
Chicago, Dec. 17 - Barclays Bank plc priced $630,000 of 0% capped market plus notes due Dec. 24, 2012 based on the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of gold finishes below 80% of the initial price, the payout at maturity will be par plus the return on gold with exposure to any losses.
Otherwise, the payout will be par plus any gain, with a minimum return of 10%.
The maximum payment will be $1,290.50 for every $1,000 principal amount of notes.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped market plus notes
|
| Underlying commodity: | Gold
|
| Amount: | $630,000
|
| Maturity: | Dec. 24, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final gold price is 80% of initial price or more, par plus at least 10%; otherwise, exposure to losses; return capped at 29.05%
|
| Initial gold price: | $1,368.50
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 27
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.5%
|
| Cusip: | 06740PYC4
|
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