E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$6,325,000
Maturity:Dec. 20, 2013
Coupon:0%
Price:Par
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
Initial level:1,413.94
Pricing date:Dec. 6
Settlement date:Dec. 11
Agent:Barclays
Distributor:Morgan Stanley Smith Barney LLC
Fees:2%
Cusip:06742A321

© 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.