By Marisa Wong
Madison, Wis., Feb. 24 - Barclays Bank plc priced $9.44 million of 0% trigger return optimization securities due Feb. 28, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 1.5 times the fund gain, subject to a maximum return of 31.28%.
If the final fund price is greater than or equal to the trigger price - 75% of the initial share price - the payout will be par.
Otherwise, the payout will be par plus the fund return.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger return optimization securities
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $9,442,800
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 1.5 times any increase in the fund's share price, subject to maximum return of 31.28%; par if fund falls by 25% or less; par plus fund return if fund falls by more than 25%
|
| Initial share price: | $44.88
|
| Trigger price: | $33.66, 75% of initial price
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06740P544
|
© 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.
