New Issue: Barclays prices $12.08 million capped market plus notes on palladium

By Marisa Wong

Madison, Wis., April 18 - Barclays Bank plc priced $12.08 million of 0% capped market plus notes due April 26, 2012 linked to the price of palladium, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price of palladium is less than 80% of the initial price, the payout at maturity will be par plus the palladium return. Otherwise, the payout will be par plus the palladium return, subject to a minimum return of 8.15% and a maximum return of 20%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying commodity:	Palladium
Amount:	$12,082,000
Maturity:	April 26, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final price of palladium is less than 80% of initial price, par plus palladium return; otherwise, par plus palladium return, subject to minimum return of 8.15% and maximum return of 20%
Initial palladium price:	$772
Pricing date:	April 15
Settlement date:	April 20
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	06738KHF1

© 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.