New Issue: Barclays prices $3.82 million capped participation notes tied to gold

By Toni Weeks

San Diego, Oct. 2 - Barclays Bank plc priced $3.82 million of 0% capped participation notes due Oct. 9, 2013 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any percentage increase in the price of gold, subject to a maximum return of 18.05%.

Investors will receive par if the price of gold falls by up to 15% and will be exposed to losses from the initial price if it falls by more than 15%.

Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	Barclays Bank plc
Issue:	Capped participation notes
Underlying asset:	Gold
Amount:	$3,815,000
Maturity:	Oct. 9, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in gold price, return capped at 18.05%; par if gold price falls by up to 15% and full exposure to losses if it falls by more than 15%
Initial price:	$1,776.00
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Underwriter:	Barclays with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers
Fees:	1%
Cusip:	06741THG5

© 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.