Published on 1/28/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3 million principal-protected notes on three indexes
By Susanna Moon
Chicago, Jan. 28 - Barclays Bank plc priced $3 million of zero-coupon 100% principal-protected notes due Jan. 29, 2016 based on the performance of a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500.
The payout at maturity will be par plus any basket gain, up to a maximum return of 55.5%.
Investors will receive at least par.
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 indexes, equally weighted
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Amount: | $3 million
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Maturity: | Jan. 29, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, capped at 55.5%; floor of par
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Initial index levels: | 1,092.17 for S&P, 2,827.74 for Euro Stoxx and 10,325.28 for Nikkei
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | Barclays Capital Inc.
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Fees: | 4%
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Cusip: | 06740JEZ9
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