Published on 5/15/2008 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million principal-protected notes linked to Nikkei 225
By Angela McDaniels
Tacoma, Wash., May 15 - Barclays Bank plc priced $1 million of zero-coupon 100% principal-protected notes due Nov. 20, 2012 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum return of 44%. Investors will receive at least par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying index: | Nikkei 225
|
| Amount: | $1 million
|
| Maturity: | Nov. 20, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at maximum return of 44%; floor of par
|
| Initial share price: | 14,118.55
|
| Pricing date: | May 14
|
| Settlement date: | May 19
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.25%
|
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