Published on 6/20/2008 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.5 million 95% principal-protected notes linked to euro versus dollar
By Susanna Moon
Chicago, June 20 - Barclays Bank plc priced $1.5 million of zero-coupon 95% principal-protected notes due June 23, 2010 linked to the performance of the euro against the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the dollar maintains at least 95% of its initial value against the euro, the payout at maturity will be par times the currency return. Investors will receive at least 95% of par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | 95% principal-protected notes
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Underlying exchange rate: | Euro versus dollar
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Amount: | $1.5 million
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Maturity: | June 23, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If dollar maintains at least 95% of initial value, par times currency return; floor of 95% of par
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Initial level: | 0.6456
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Pricing date: | June 19
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Settlement date: | June 24
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Agent: | Barclays Capital Inc.
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Fees: | 1%
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