New York, Oct. 28 - Barclays Bank plc priced $9,044,400 of 0% performance securities with contingent protection due Oct. 30, 2015 linked to a basket of U.S. equity indexes, according to a 424B2 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.
The payout at maturity will be par of $10 plus any 105% of any basket gain if the return is positive. If the basket declines but ends above the trigger level, the payout will be par. If the basket sinks below the trigger level investors will participate in any losses. The trigger level is 61.75% of the starting level.
UBS Financial Services Inc. and Barclays Capital are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance securities with contingent protection
|
| Underlying indexes: | S&P MidCap 400 (80% weight), S&P SmallCap 600 (20% weight)
|
| Amount: | $9,044,400
|
| Maturity: | Oct. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 105% of any basket gain if the return is positive; par if the basket declines but ends above the trigger level; participate in any losses; trigger level is 61.75% of starting level
|
| Initial levels: | S&P MidCap 400 at 828.04, S&P SmallCap 600 at 374.88
|
| Trigger level: | 61.75% of starting level
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 29
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital
|
| Fees: | 3.5%
|
| Cusip: | 06740L113
|
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