New Issue: Barclays sells $3.09 million variable-coupon protected notes on 10 stocks

By Susanna Moon

Chicago, Feb. 19 - Barclays Bank plc priced $3.09 million of variable-coupon principal-protected notes due Feb. 20, 2015 based on a basket of 10 equally weighted common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are General Electric Co., Bank of America Corp., Pfizer Inc., Procter & Gamble Co., PepsiCo, Inc., Teva Pharmaceutical Industries Ltd., United Technologies Corp., Hewlett-Packard Co., Microsoft Corp. and FPL Group, Inc.

The coupon will be the average of the basket stocks' returns, with a floor of zero. Each stock's return will have a cap of 9.5%. Interest is payable annually.

The payout at maturity will be par.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Variable-coupon principal-protected notes
Underlying stocks:	General Electric Co., Bank of America Corp., Pfizer Inc., Procter & Gamble Co., PepsiCo, Inc., Teva Pharmaceutical Industries Ltd., United Technologies Corp., Hewlett-Packard Co., Microsoft Corp. and FPL Group, Inc., equally weighted
Amount:	$3,088,000
Maturity:	Feb. 20, 2015
Coupon:	Average of the stocks' returns, floor of zero; each stock's return capped at 9.5%; payable annually
Price:	Par
Payout at maturity:	Par
Pricing date:	Feb. 17
Settlement date:	Feb. 22
Agent:	Barclays Capital Inc.
Fees:	5%
Cusip:	06740JSB7

© 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.