New Issue: Barclays sells $1 million protected notes on gold with 100% return cap

By Marisa Wong

Madison, Wis., Jan. 24 - Barclays Bank plc priced $1 million of 0% notes due Jan. 25, 2019 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the price of gold, subject to a minimum payout of par and a maximum settlement amount of $2,000 per $1,000 note.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying commodity:	Gold
Amount:	$1 million
Maturity:	Jan. 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in gold, subject to minimum return of 0% and maximum return of 100%
Initial gold price:	$1,653
Pricing date:	Jan. 20
Settlement date:	Jan. 25
Agent:	Barclays Capital Inc.
Fees:	0.25%
Cusip:	06738KK75

© 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.