Published on 4/17/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.33 million capped participation notes linked to gold
By Marisa Wong
Madison, Wis., April 17 - Barclays Bank plc priced $3.33 million of 0% capped participation notes due Oct. 21, 2014 linked to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any increase in the price of gold, subject to a maximum return of 24%. Investors will be fully exposed to any losses.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped participation notes
|
| Underlying asset: | Gold
|
| Amount: | $3,325,000
|
| Maturity: | Oct. 21, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in gold price, return capped at 24%; full exposure to losses
|
| Initial price: | $1,380.00
|
| Pricing date: | April 16
|
| Settlement date: | April 19
|
| Underwriter: | Barclays
|
| Fees: | 1.5%
|
| Cusip: | 06741TTE7
|
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