By Angela McDaniels
Tacoma, Wash., June 5 – Barclays Bank plc priced $72.53 million of additional 0% daily liquidity notes due June 2, 2017 linked to the Bloomberg Commodity Index 3 Month Forward Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The company priced $111.11 million of the notes on May 28. The total issue size is now $183.64 million.
The company sold a portion of the original issue at par. The remainder of the notes, including the add-on, have been or will be offered and sold from time to time at the indicative note price per note on the day of sale.
The payout at maturity will be the indicative note price on May 30, 2017.
The indicative price of each note was $1,000 on May 28. On each subsequent trading day, it will equal the indicative note price on the preceding trading day multiplied by the underlier factor and minus the investor fee.
The underlier factor equals the index closing level on that day divided by the index closing level on the preceding trading day.
On any trading day, the investor fee equals the product of (a) 0.6% multiplied by the quotient of the number of calendar days from the preceding trading day to the current trading day divided by 360 and (b) the underlier factor on that trading day multiplied by the indicative note price on the preceding trading day.
The notes are putable at any time. The payout will be the indicative note price.
Barclays is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are agents.
| Issuer: | Barclays Bank plc
|
| Issuer: | Daily liquidity notes
|
| Amount: | $183,643,000, increased from $111,111,000
|
| Maturity: | June 2, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Indicative note price on May 30, 2017
|
| Indicative price: | $1,000 on May 28; on each subsequent trading day, indicative note price on preceding trading day multiplied by underlier factor and minus investor fee
|
| Underlier factor: | Index closing level on that day divided by index closing level on preceding trading day
|
| Investor fee: | Product of (a) 0.6% multiplied by quotient of number of calendar days from preceding trading day to current trading day divided by 360 and (b) underlier factor on that trading day multiplied by indicative note price on preceding trading day
|
| Put option: | At any time at indicative note price
|
| Pricing dates: | May 28 for original issue; June 3 for $72,532,000 add-on
|
| Settlement dates: | June 2 for original issue; June 8 for add-on
|
| Underwriter: | Barclays
|
| Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | Agents will receive portion of investor fee
|
| Cusip: | 06741UVL5
|
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