By Jennifer Chiou
New York, Oct. 7 - Barclays Bank plc priced $5 million of 0% digital notes due Oct. 22, 2014 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the lesser-performing index is at or above its initial level, the payout at maturity will par plus the 19% digital percentage.
Investors will receive par if that index's return is at or above negative 10%, and investors will share fully in losses beyond the 10% buffer.
Barclays is the underwriter with JPMorgan as placement agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Digital notes
|
| Underlying indexes: | S&P 500 and Euro Stoxx 50
|
| Amount: | $5 million
|
| Maturity: | Oct. 22, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of the lesser-performing index is at or above its initial level, par plus 19%; par for losses up to 10%; full exposure to decline beyond 10% buffer
|
| Initial levels: | 1,693.87 for S&P; 2,918.31 for Euro Stoxx
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 8
|
| Underwriter: | Barclays with JPMorgan as agent
|
| Fees: | 1%
|
| Cusip: | 06741TS40
|
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