By Toni Weeks
San Luis Obispo, Calif., Oct. 1 - Barclays Bank plc priced $11.53 million of 0% leveraged index-linked notes due Oct. 5, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of $1,220.50 per $1,000 principal amount.
Investors will be fully exposed to any losses.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Leveraged index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $11.53 million
|
| Maturity: | Oct. 5, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus 300% of index return, subject to maximum return of 22.05%; full exposure to any losses
|
| Initial level: | 1,691.75
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Agent: | Barclays
|
| Fees: | 2%
|
| Cusip: | 06741TN37
|
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