By Marisa Wong
Madison, Wis., Nov. 29 - Barclays Bank plc priced $100 million of 0% iPath Long Extended exchange-traded notes due Nov. 30, 2020 tied to the S&P 500 Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The principal amount will be $50.
The payout at maturity or upon redemption will be based on a leveraged participation in the performance of the index, less a daily investor fee, less a daily index borrow cost and plus daily interest.
The leverage factor is three. The investor fee rate is 0.35%, and the borrow rate is 0.5%. Daily interest is based on the 28-day Treasury bill rate.
The notes are putable at any time, subject to a minimum of 25,000 notes, and they will be called if the intraday indicative value of the notes falls below $10.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath Long Extended exchange-traded notes
|
| Underlying index: | S&P 500 Total Return index
|
| Amount: | $100 million
|
| Maturity: | Nov. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Based on a leveraged participation in the performance of the index, less a daily investor fee, less a daily index borrow cost and plus daily interest; leverage factor is three; fee rate is 0.35%; borrow rate is 0.5%; daily interest based on 28-day T-bill rate
|
| Put option: | At any time, subject to a minimum of 25,000 notes; payout determined in same way as at maturity
|
| Call: | Automatically if intraday indicative value falls below $10; payout determined in same way as at maturity
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 2
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Listing: | NYSE Arca: SFLA
|
| Cusip: | 06740P601
|
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