Published on 5/31/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $16.71 million capped leveraged return notes linked to Russell 2000
By Susanna Moon
Chicago, May 31 - Barclays Bank plc priced $16.71 million of 0% Capped Leveraged Index Return Notes due May 31, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 27.24%. Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
Bank of America Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Capped Leveraged Index Return Notes
|
Underlying index: | Russell 2000
|
Amount: | $16,714,760
|
Maturity: | May 31, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par of $10 plus 200% of any index gain, capped at 27.24%; par if index falls up to 10%; exposure to losses beyond 10%
|
Initial level: | 830.87
|
Pricing date: | May 26
|
Settlement date: | June 3
|
Agents: | Bank of America Merrill Lynch
|
Fees: | 2%
|
Cusip: | 06741K692
|
© 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.