Published on 4/9/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.13 million two-year notes on Brent crude futures
By Jennifer Chiou
New York, April 9 - Barclays Bank plc priced $2,125,000 of 0% notes due April 10, 2014 linked to Brent crude futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the settlement price of Brent crude is at or greater than the barrier - 80% of the initial price - on the final valuation date, the payout at maturity will be par plus the 22.4% digital percentage.
Otherwise, investors will share in any losses.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying component: | Brent crude futures contracts
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Amount: | $2,125,000
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Maturity: | April 10, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If price is at or greater than the barrier, par plus the 22.4% digital percentage; otherwise, investors share in losses
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Initial price: | $123.43/barrel
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Barrier level: | $98.74, 80% of initial price
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Pricing date: | April 5
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Settlement date: | April 11
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Agent: | Barclays Capital Inc.
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Fees: | 1.75%
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Cusip: | 06738K2F7
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