By Angela McDaniels
Tacoma, Wash., Dec. 30 - Barclays Bank plc priced $3.12 million 0% return optimization securities with contingent protection due March 31, 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the iShares MSCI Emerging Markets index fund with a 40% weight, the iShares MSCI EAFE index fund with a 30% weight and the SPDR S&P 500 ETF trust with a 30% weight.
The payout at maturity will be par of $10 plus 2.5 times any basket gain, subject to a maximum return of 56.18%.
If the basket return is between zero and negative 30%, the payout will be par.
If the basket return is less than negative 30%, the payout will be par plus the basket return.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Return optimization securities with contingent protection
|
| Underlying ETFs: | iShares MSCI Emerging Markets index fund (40% weight), iShares MSCI EAFE index fund (30% weight) and SPDR S&P 500 ETF trust (30% weight)
|
| Amount: | $3,119,500
|
| Maturity: | March 31, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 2.5 times any basket gain, up to maximum return of 56.18%; par if basket return is between zero and negative 30%; par plus basket return if basket return is less than negative 30%
|
| Initial share prices: | $46.50 for iShares MSCI Emerging Markets, $57.65 for iShares MSCI EAFE and $125.80 for SPDR S&P 500
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 3.125%
|
| Cusip: | 06738G720
|
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