Published on 12/29/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.17 million return optimization securities linked to S&P 500 via UBS
By Jennifer Chiou
New York, Dec. 28 - Barclays Bank plc priced $4.17 million of 0% return optimization securities with partial protection due Dec. 31, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
The payout at maturity will be par of $10 plus two times any gain in the index, up to a maximum return of 20.1%.
Investors will receive par if the index falls by up to 10% and will share in losses beyond 10%.
Issuer: | Barclays Bank plc
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Issue: | Return optimization securities with partial protection
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Underlying index: | S&P 500
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Amount: | $4,167,980
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Maturity: | Dec. 31, 2012
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, capped at 20.1%; exposure to losses beyond 10%
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Initial level: | 1,258.84
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
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Fees: | 2%
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Cusip: | 06740P684
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