By E. Janene Geiss
Philadelphia, June 27 - Barclays Bank plc priced a $910,000 issue of zero-coupon 100% principal-protected notes due June 29, 2011 linked to the Barclays Intelligent Carry Index US ER, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any gain on the index. Investors will receive at least par.
The index is intended to capture the returns potentially available from a strategy of investing in high-yielding currencies with the exposure financed by borrowings in low-yielding currencies.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying index: | Barclays Intelligent Carry Index US ER
|
| Amount: | $910,000
|
| Maturity: | June 29, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; floor of par
|
| Initial index level: | 177.4689
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| 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.
