By Susanna Moon
Chicago, Sept. 20 - Barclays Bank plc priced $36.37 million of 0% notes due Sept. 19, 2013 linked to three baskets of equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The first set of underlying currencies includes the Canadian dollar, the Mexican peso and the Brazilian real; the second set includes the Polish zloty, the Norwegian krone and the Swedish krona; and the third set includes the Australian dollar, the Indian rupee and the Russian ruble.
The asset return will be calculated with a 50% weight for the best-performing basket, a 35% weight for the next best-performing basket and a 15% weight for the worst-performing basket.
The payout at maturity will be par plus any asset gain.
If the basket falls, the payout will be par plus the return with exposure to losses of up to 7%. Investors will receive at least 93% of par at maturity.
Barclays Capital Inc. is the agent, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying currencies: | Canadian dollar, the Mexican peso and the Brazilian real (first basket); the Polish zloty, the Norwegian krone and the Swedish krona (second basket); Australian dollar, the Indian rupee and the Russian ruble (third basket); each currency is relative to U.S. dollar
|
| Asset weighting: | Best-performing basket (50% weight), second best-performing basket (35% weight) and worst-performing basket (15% weight)
|
| Amount: | $36,371,000
|
| Maturity: | Sept. 19, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any asset gain; exposure to losses of up to 7%; floor of 93% of par
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Agents: | Barclays Capital Inc. (agent); JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC (placement agents)
|
| Fees: | 1.5%
|
| Cusip: | 06738KVA6
|
© 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.
