Published on 1/3/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.43 million five-year enhanced trigger jump notes linked to S&P 500
By Susanna Moon
Chicago, Jan. 3 - Barclays Bank plc priced $5.43 million of 0% enhanced trigger jump securities due Jan. 3, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 70% trigger level, the payout at maturity will be par of $10 plus the greater of the index return and the contingent minimum return of 20.25%.
Otherwise, investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.
Issuer: | Barclays Bank plc
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Issue: | Enhanced trigger jump securities
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Underlying index: | S&P 500
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Amount: | $5,428,000
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Maturity: | Jan. 3, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes at or above trigger level, par plus any index gain, floor of 20.25%; otherwise, full exposure to losses
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Initial index level: | 1,402.43
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Trigger level: | 981.70, 70% of initial level
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Pricing date: | Dec. 28
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Settlement date: | Jan. 3
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Agent: | Barclays with Morgan Stanley Smith Barney LLC as dealer
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Fees: | 3.5%
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Cusip: | 06742A313
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