Published on 6/17/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.09 million barrier notes tied to Dow Jones-UBS Commodity index
By Toni Weeks
San Luis Obispo, Calif., June 17 - Barclays Bank plc priced $1.09 million 0% barrier notes due June 18, 2015 linked to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event occurs if the index closes below the barrier level, 87% of the initial level, on any day during the life of the notes.
If the index finishes at or above the initial level, the payout at maturity will be par plus the index return, subject to a maximum return of 25%.
If the index return is negative but a barrier event has not occurred, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Barrier notes
|
Underlying index: | Dow Jones-UBS Commodity index
|
Amount: | $1,085,000
|
Maturity: | June 18, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above initial level, par plus index return, capped at 25%; if index return is negative but index never dropped below barrier level during life of notes, par plus absolute value of index return; otherwise, full exposure to losses
|
Initial index level: | 130.0811
|
Barrier level: | 113.17, 87% of initial level
|
Pricing date: | June 13
|
Settlement date: | June 18
|
Agent: | Barclays
|
Fees: | None
|
Cusip: | 06741TXD4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.