Published on 1/24/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1 million protected notes on gold with 100% return cap
By Marisa Wong
Madison, Wis., Jan. 24 - Barclays Bank plc priced $1 million of 0% notes due Jan. 25, 2019 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the price of gold, subject to a minimum payout of par and a maximum settlement amount of $2,000 per $1,000 note.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying commodity: | Gold
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Amount: | $1 million
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Maturity: | Jan. 25, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain in gold, subject to minimum return of 0% and maximum return of 100%
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Initial gold price: | $1,653
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Agent: | Barclays Capital Inc.
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Fees: | 0.25%
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Cusip: | 06738KK75
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