New Issue: Barclays Bank sells $3 million principal-protected notes linked to index, fund basket

By Jennifer Chiou

New York, June 29 - Barclays Bank plc priced a $3 million issue of zero-coupon 100% principal-protected notes due Sept. 28, 2012 linked to a basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 with a 27.5% weight, the Dow Jones Euro Stoxx 50 with a 25% weight, the Nikkei 225 with a 25% weight, the FTSE/Xinhua China 25 with a 10% weight, the Russian Traded index with a 5% weight and the iShares S&P Latin America 40 index fund with a 7.5% weight.

At maturity, investors will receive par plus 105% 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:	S&P 500 (27.5% weight), Dow Jones Euro Stoxx 50 (25% weight), Nikkei 225 (25% weight), FTSE/Xinhua China 25 (10% weight), Russian Traded index (5% weight), iShares S&P Latin America 40 index fund (7.5% weight)
Amount:	$3 million
Maturity:	Sept. 28, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 105% of any positive return; floor of par
Pricing date:	June 27
Settlement date:	June 29
Agent:	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.