Published on 5/24/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2 million notes due 2016 linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 24 - Barclays Bank plc priced $2 million of 0% notes due Nov. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 75% of the initial index level, the payout at maturity will be par plus the greater of (a) zero and (b) 1.6 times the index return. If the final index level is less than 75% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial level.
Barclays is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2 million
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Maturity: | Nov. 30, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to barrier level, par plus greater of (a) zero and (b) 1.6 times index return; otherwise, 1% loss for every 1% that final index level is less than initial level
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Initial index level: | 2,835.01
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Barrier level: | 2,126.26, 75% of initial level
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Pricing date: | May 22
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Settlement date: | May 28
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Agent: | Barclays
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Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 2.25%
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Cusip: | 06741TVU8
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