Published on 12/5/2007 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2 million principal-protected notes linked to currencies, commodity basket
By E. Janene Geiss
Philadelphia, Dec. 5 - Barclays Bank plc priced $2 million of zero-coupon 100% principal-protected notes due Dec. 3, 2009 linked to a basket of three currencies, three commodities and an index, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes two equally weighted sub-baskets. The first sub-basket consists of equal weights of the Turkish lira/dollar exchange rate, the Indian rupee/dollar exchange rate and the Brazilian real/dollar exchange rate.
A second sub-basket consists of equal weights of WTI crude oil, RBOB gasoline and coal, along with the S&P GSCI Live Cattle Excess Return.
The payout at maturity will be par plus 100% of any basket gain. Investors will receive at least par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying basket: | Two equally weighted sub-baskets; one sub-basket of equal weights of the Turkish dollar/dollar exchange rate, Indian rupee/dollar exchange rate, Brazilian real/dollar exchange rate; a second sub-basket of equal weights of WTI crude oil, RBOB gasoline, coal and S&P GCSI Live Cattle Excess Return
|
| Amount: | $2 million
|
| Maturity: | Dec. 3, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 100% of any basket gain; floor of par
|
| Initial levels: | 1.1747 dollars per lira, 39.5200 dollars per rupee, 1.7800 dollars per real; 88.7100 for WTI crude oil, 2.2306 for RBOB gasoline, 127.7100 for coal and 499.3696 for S&P GSCI Live Cattle Index Excess Return
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.5%
|
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