Published on 7/18/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.28 million return enhanced notes linked to S&P 500
By Toni Weeks
San Diego, July 18 - Barclays Bank plc priced $3.28 million of 0% return enhanced notes due Aug. 1, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 17.72%.
Investors will be fully exposed to any decline in the index.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Barclays Bank plc
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $3,283,000
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Maturity: | Aug. 1, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 17.72%; full exposure to losses
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Initial level: | 1,316.14
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Pricing date: | July 15
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Settlement date: | July 20
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 06738KPL9
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