By Angela McDaniels
Tacoma, Wash., May 14 - Barclays Bank plc priced $1.1 million of 0% bearish notes due May 16, 2016 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 the index return, subject to a minimum payout of par. Investors will only receive more than par if the index declines.
The index reflects the returns available by maintaining a rolling position in 10-Year Treasury notes futures contracts.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Bearish notes
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Underlying index: | Barclays 10Y Treasury Futures index
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Amount: | $1,103,000
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Maturity: | May 16, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par minus index return, subject to minimum payout of par
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Initial index level: | 203.2702
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Pricing date: | May 10
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Settlement date: | May 16
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06738K3V1
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