By Jennifer Chiou
New York, Sept. 4 - Barclays Bank plc priced $5,689,600 of 0% buffered Performance Leveraged Upside Securities due March 5, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any gain in the fund price, up to a maximum return of 18.1%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $5,689,600
|
| Maturity: | March 5, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 18.1%; par if share price falls by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial share price: | $38.91
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | Barclays
|
| Fees: | 2%
|
| Cusip: | 06738G183
|
© 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.
