E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/27/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $475,000 Super Track digital plus notes on Asian currencies vs. euro

By Susanna Moon

Chicago, May 27 - Barclays Bank plc priced $475,000 of 0% Super Track digital plus notes due May 29, 2012 based on the performance of a basket of currencies relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the South Korean won, Indonesian rupiah and Singapore dollar, equally weighted.

The payout at maturity will be par plus any basket gain, with a minimum return of 26%.

Investors will be exposed to any basket decline.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Super Track digital plus notes
Underlying currencies:South Korean won, Indonesian rupiah, Singapore dollar, equally weighted versus euro
Amount:$475,000
Maturity:May 29, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain, floor of 26% if the return is positive; exposure to any losses
Initial exchange rates:1,544.1495 for won; 11,493.46 for rupiah; 1.7405 for Singapore dollar
Pricing date:May 25
Settlement date:May 28
Agents:JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:2%
Cusip:06740LTU9

© 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.