Published on 12/16/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $750,000 eight-year notes on S&P 500 Dynamic Veqtor
By Jennifer Chiou
New York, Dec. 16 - Barclays Bank plc priced $750,000 of 0% notes due Dec. 19, 2018 linked to the S&P 500 Dynamic Veqtor Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 115% of the index return. Investors will receive at least par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | S&P 500 Dynamic Veqtor Excess Return
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Amount: | $750,000
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Maturity: | Dec. 19, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 115% of index gain; floor of par
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Initial index level: | 176,041.16
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Pricing date: | Dec. 14
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Settlement date: | Dec. 17
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Agent: | Barclays Capital Inc.
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Fees: | 3%
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Cusip: | 06740PX50
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