Published on 5/31/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $15.1 million digital notes on iShares EM, Hang Seng China
By Susanna Moon
Chicago, May 31 - Barclays Bank plc priced $15.1 million of 0% digital notes due Dec. 4, 2014 linked to the iShares Emerging Markets index fund and the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worse performing component finishes at or above its 80% barrier level, the payout at maturity will be par plus a digital return of 15.88%.
Otherwise, investors will be fully exposed to losses of the worse performing component.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying components: | iShares Emerging Markets index fund and the Hang Seng China Enterprises index
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Amount: | $15,095,000
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Maturity: | Dec. 4, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worse performing component finishes at or above barrier level, par plus 15.88%; otherwise, full exposure to losses of worse performing component
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Initial levels: | 10,920.58 for index, $42.50 for fund
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Barrier levels: | 8,736.46 for index, $34.00 for fund; 80% of initial levels
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Pricing date: | May 28
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Settlement date: | May 31
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Agent: | Barclays
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Fees: | 1.5%
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Cusip: | 06741TUS4
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