Published on 1/2/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.34 million 0% buffered return enhanced notes linked to S&P 500
By Toni Weeks
San Diego, Jan. 2 - Barclays Bank plc priced $4.34 million of 0% buffered return enhanced notes due Jan. 15, 2014 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 1.5 times any gain in the index, subject to a maximum return of 10.2%.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
The final index level will be the average of the closing index levels on the five trading days ending Jan. 10, 2014.
Barclays Capital Inc. is the agent, and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the distributors.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,337,000
|
| Maturity: | Jan. 15, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in the index, subject to maximum return of 10.2%; par if index declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 1,402.43
|
| Final level: | Average of index closing levels of five trading days ending Jan. 10, 2014
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | Barclays Capital Inc., with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as distributors
|
| Fees: | 1%
|
| Cusip: | 06741TMD6
|
© 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.
