By Susanna Moon
Chicago, Dec. 30 - Barclays Bank plc priced $27.62 million of 0% autocallable optimization securities with contingent protection due Jan. 6, 2012 based on the performance of Apple, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If Apple stock closes at or above the initial share price on any of 12 monthly observation dates, the notes will be called automatically and investors will receive par of $10 plus an annualized call premium of 16.01%.
The payout at maturity will be par if the stock finishes at or above 80% of the initial share price.
If the stock finishes below the trigger level, investors will be fully exposed to the loss.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable optimization securities with contingent protection
|
| Underlying stock: | Apple, Inc. (Nasdaq: AAPL)
|
| Amount: | $27,622,910
|
| Maturity: | Jan. 6, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to trigger price, par; otherwise, par plus stock return
|
| Call: | At par plus annualized call premium of 16.01% if Apple stock closes at or above initial share price on any of 12 monthly observation dates
|
| Initial share price: | $325.29
|
| Trigger price: | $260.23, or 80% of initial share price
|
| Pricing date: | Dec. 29
|
| Settlement date: | Dec. 31
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 06740P619
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
