Published on 4/29/2008 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.36 million return optimization securities linked to S&P 500 via UBS
By Susanna Moon
Chicago, April 29 - Barclays Bank plc priced $9.36 million of 0% return optimization securities due May 6, 2009 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
Payout at maturity will be par of $10 plus triple any gain in the index, capped at 19.9%. Investors will be exposed to any losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $9,356,750
|
| Maturity: | May 6, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 19.9%; exposure to losses
|
| Initial index level: | 1,397.84
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriters: | UBS Financial Services Inc., Barclays Capital Inc.
|
| Fees: | 1.25%
|
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