By Laura Lutz
Des Moines, Nov. 2 - Barclays Bank plc priced $1.5 million of 0% Buffered SuperTrack notes due Nov. 5, 2012 linked to a basket consisting of an exchange-traded fund, a sub-index of the S&P GSCI index and five commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI Emerging Markets index fund with a 70% weight, the S&P GSCI Agriculture Index Excess Return with a 7.5% weight, aluminum with a 4.5% weight, copper with a 4.5% weight, nickel with a 3% weight, gasoline RBOB with a 5.25% weight and WTI crude oil with a 5.25% weight.
If the final basket level is at least the initial level, the payout at maturity will be par plus 121% of any gain on the basket.
The payout will be par if the basket declines by up to 10%. Investors will lose 1% for each 1% the basket declines beyond 10%.
Barclays Capital Inc. is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying basket: | iShares MSCI Emerging Markets index fund with 70% weight, S&P GSCI Agriculture Index Excess Return with 7.5% weight, aluminum with 4.5% weight, copper with 4.5% weight, nickel with 3% weight, gasoline RBOB with 5.25% weight and WTI crude oil with 5.25% weight
|
| Amount: | $1.5 million
|
| Maturity: | Nov. 5, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is at least initial level, par plus 121% of any basket gain; par if basket declines by up to 10%; investors lose 1% for each 1% basket decline beyond 10%
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 3%
|
© 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.
