By Jennifer Chiou
New York, March 13 - J.P. Morgan Securities Inc. priced a $24.24 million issue of 0% buffered return enhanced notes due March 19, 2008 linked to the Nikkei 225 index for issuer Barclays Bank plc, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus twice any positive return on the index, up to a maximum of 20.56%.
If the ending index level declines by no more than 10%, the payout at maturity will be par. Holders will lose 1.1111% for each 1% the index declines beyond 10%.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | Nikkei 225
|
| Amount: | $24.24 million
|
| Maturity: | March 19, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any positive index return up to a 20.56% return; par if final index level declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
|
| Initial index level: | 17,164.04
|
| Pricing date: | March 9
|
| Settlement date: | March 14
|
| Placement agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
© 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.
