By Angela McDaniels
Tacoma, Wash., July 28 - Barclays Bank plc priced $236,000 principal amount of 0% double short leverage securities due July 29, 2011 linked to the Barclays Capital 30Y Treasury Futures index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 102.6 for total proceeds of $242,136.
The notes are putable at any time, subject to a minimum of 1,000 securities, and they will be called if the index increases by more than 35%.
The payout at maturity or upon redemption will be par minus 200% of the index return plus an additional amount equal to the interest accrued on the principal amount at a rate per year equal to overnight Libor, compounded daily. The notes are not principal protected, so investors will experience a loss if the final index level is greater than the initial level.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Double short leverage securities
|
| Underlying index: | Barclays Capital 30Y Treasury Futures index
|
| Amount: | $236,000
|
| Proceeds: | $242,136
|
| Maturity: | July 29, 2011
|
| Coupon: | 0%
|
| Price: | 102.6
|
| Payout at maturity: | Par minus 200% of the index return plus the interest accrued on the principal amount at an annual rate equal to overnight Libor, compounded daily
|
| Call: | If index increases by more than 35%
|
| Put option: | At any time
|
| Initial index level: | 184.2811
|
| Pricing date: | July 26
|
| Settlement date: | July 28
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2.6%
|
| Cusip: | 06740PCG9
|
© 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.
