Published on 10/26/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.25 million bearish notes tied to 10Y Treasury index
By Jennifer Chiou
New York, Oct. 26 - Barclays Bank plc priced $1,245,000 of 0% bearish notes due Oct. 30, 2017 linked to the Barclays 10Y Treasury Futures index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par minus 95% of the index return, with a minimum payout of par.
The index reflects the returns available by maintaining a rolling position in 10-Year Treasury notes futures contracts.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Bearish notes
|
| Underlying index: | Barclays 10Y Treasury Futures
|
| Amount: | $1,245,000
|
| Maturity: | Oct. 30, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par minus 95% of index return, floor of par
|
| Initial index level: | 205.8071
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 30
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06741TFL6
|
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