By Jennifer Chiou
New York, Dec. 13 - Barclays Bank plc priced $1,278,000 of 0% capped return enhanced notes due March 12, 2014 linked to Apple Inc. shares, revised from the $1,222,000 filed on Dec. 11, according to a 424B2 filing with the Securities and Exchange Commission.
As reported, the payout at maturity will be par plus triple any gain in the Apple share price, up to a maximum return of 40.2%.
Investors will be exposed to any losses.
The final price will be the average of the closing share prices on the five trading days ending March 7, 2014.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped return enhanced notes
|
| Underlying stock: | Apple Inc.
|
| Amount: | $1,278,000
|
| Maturity: | March 12, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any Apple share price gain, up to a maximum return of 40.2%; full exposure to losses
|
| Initial price: | $533.08
|
| Final price: | Average of closing share prices on five trading days ending March 7, 2014
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 12
|
| Underwriter: | Barclays
|
| Fees: | 1.1%
|
| Cusip: | 06741TLE5
|
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