By Angela McDaniels
Tacoma, Wash., Aug. 26 - Barclays Bank plc priced $3.22 million of 0% performance securities with contingent protection due Aug. 31, 2015 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P MidCap 400 index with an 80% weight and the S&P SmallCap 600 index with a 20% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus 113% of the gain.
If the final basket level is less than the initial level but at least 50% of the initial level, the payout at maturity will be par.
If the final basket level is less than 50% of the initial level, investors will be fully exposed to the decline.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance securities with contingent protection
|
| Underlying indexes: | S&P MidCap 400 (80% weight) and S&P SmallCap 600 (20% weight)
|
| Amount: | $3,215,600
|
| Maturity: | Aug. 31, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 113% of any basket gain; par if basket falls by 50% or less; par plus basket return if return is less than negative 50%
|
| Initial index levels: | 718.25 for S&P MidCap and 319.63 for S&P Small Cap
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 31
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 3.5%
|
| Cusip: | 06740L253
|
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