Published on 4/27/2009 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.16 million PLUS linked to S&P 500 via Morgan Stanley
By Susanna Moon
Chicago, April 27 - Barclays Bank plc priced $11.16 million of 0% Performance Leveraged Upside Securities due May 28, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Morgan Stanley & Co. Inc. is the agent.
The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum payout of $13.03 per note.
Investors will be exposed to any losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $11,163,250
|
| Maturity: | May 28, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus triple any index gain, capped at 130.3% of par; exposure to losses
|
| Initial index level: | 851.92
|
| Pricing date: | April 23
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2%
|
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