By Toni Weeks
San Luis Obispo, Calif., Nov. 4 - Barclays Bank plc priced $10.42 million of 0% trigger Performance Leveraged Upside Securities due Nov. 7, 2016 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 200% of any gain in the fund, up to a maximum payment of $14.225 per note.
Investors will receive par if the shares fall up to 20% and will be fully exposed to losses if the shares fall below the 80% trigger level.
Barclays is the agent with Morgan Stanley Wealth Management as the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree Japan Hedged Equity fund
|
| Amount: | $10,421,100
|
| Maturity: | Nov. 7, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 42.25%; par if fund falls by up to 20%; full exposure to losses if fund drops below trigger level
|
| Initial price: | $47.68
|
| Trigger level: | $38.14, 80% of initial price
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | Barclays with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 06742E844
|
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