By Marisa Wong
Madison, Wis., Aug. 16 - Barclays Bank plc priced $3.82 million of 0% notes due Aug. 19, 2016 linked to the Barclays Capital Voyager III DJ-UBSCI Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return minus an investor fee of 1.45% per year.
The notes are putable at any time, subject to a minimum of 100 notes, and they are callable at any time. The payout will be determined in the same way as at maturity.
If the index falls below 40% of its initial level at any time on any day during the life of the notes, the company has the option to redeem the notes. The index return will be calculated using the intraday level of the index on the trigger date as determined by the calculation agent.
The index is designed to provide investors with exposure to commodities markets while seeking to limit the potential downside of investing in commodities. The commodities underlying the index as selected to correspond to the commodities included in the Dow Jones - UBS Commodity index. The index consists of positions in either one or two of the following indexes for the relevant commodity: Barclays Capital Single Commodity Nearby Excess Return indexes and Barclays Capital Pure Beta indexes.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Notes
|
Underlying index: | Barclays Capital Voyager III DJ-UBSCI Total Return index
|
Amount: | $3,816,000
|
Maturity: | Aug. 19, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus index return minus fee of 1.45% per year
|
Put option: | At any time subject to minimum of 100 notes
|
Call option: | At any time and if index falls below 40% of initial level
|
Initial index level: | 704.5798
|
Pricing date: | Aug. 12
|
Settlement date: | Aug. 19
|
Agent: | Barclays Capital Inc.
|
Fees: | None
|
Cusip: | 06738KRR4
|
© 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.