Published on 10/2/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $69.17 million capped leveraged return notes tied to PHLX Housing Sector
By Susanna Moon
Chicago, Oct. 2 - Barclays Bank plc priced $69.17 million of capped Leveraged Index Return Notes due Sept. 26, 2014 linked to the PHLX Housing Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum return of $13.202 per note.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Bank of America Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying index: | PHLX Housing Sector
|
| Amount: | $69,167,880
|
| Maturity: | Sept. 26, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 32.02%; par if index falls by up to 10%, exposure to losses beyond 10%
|
| Initial level: | 160.40
|
| Threshold level | 144.36, 90% of initial value
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Agent: | Bank of America Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 06738G217
|
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