Published on 12/10/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.33 million PLUS linked to S&P 500 index
By Toni Weeks
San Diego, Dec. 10 - Barclays Bank plc priced $6.33 million of 0% Performance Leveraged Upside Securities due Dec. 20, 2013 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 triple any gain in the index, up to a maximum payment of $11.28 per $10 principal amount.
Investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Smith Barney LLC as distributor.
Issuer: | Barclays Bank plc
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $6,325,000
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Maturity: | Dec. 20, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any gain in the index, up to a maximum return of 12.8%; full exposure to any losses
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Initial level: | 1,413.94
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Pricing date: | Dec. 6
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Settlement date: | Dec. 11
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Agent: | Barclays
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Distributor: | Morgan Stanley Smith Barney LLC
|
Fees: | 2%
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Cusip: | 06742A321
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