Published on 12/31/2009 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million principal-protected notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., Dec. 31 - Barclays Bank plc priced $1 million of zero-coupon 100% principal-protected notes due Dec. 31, 2015 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500 indexes.
The payout at maturity will be par plus the basket return, subject to a minimum payout of par and a maximum payout of $1,580 per $1,000 principal amount of notes.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | 100% principal-protected notes
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Underlying indexes: | Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500, equally weighted
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Amount: | $1 million
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Maturity: | Dec. 31, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, up to maximum return of 58%; floor of par
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Initial index levels: | 2,982.42 for Dow Jones Euro Stoxx 50; 10,634.23 for Nikkei 225; 1,127.78 for S&P 500
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Agent: | Barclays Capital Inc.
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Fees: | 3.5%
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