Published on 5/29/2008 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.66 million return optimization securities linked to S&P 500 via UBS
By Susanna Moon
Chicago, May 29 - Barclays Bank plc priced $9.66 million of 0% return optimization securities with contingent return due June 4, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
Payout at maturity will be par plus triple any gain in the index, capped at 18.9%. Investors will be exposed to any losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Return optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $9,658,560
|
| Maturity: | June 4, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 18.9%; exposure to losses
|
| Pricing date: | May 27
|
| Settlement date: | May 30
|
| Underwriters: | UBS Financial Services Inc., Barclays Capital Inc.
|
| Fees: | 1.25%
|
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