Published on 7/19/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.31 million 17.1% five-month Yeelds linked to Safeway
By Susanna Moon
Chicago, July 19 - Barclays Bank plc priced $10.31 million principal amount of 17.1% annualized Yield Enhanced Equity Linked Debt Securities due Dec. 27, 2013 linked to Safeway Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Each note has a face value of $24.815.
The payout at maturity will be the lesser of the stock return and equity cap price, which is 107% of the initial share price.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Yield Enhanced Equity Linked Debt Securities
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Underlying stock: | Safeway Inc. (NYSE: SWY)
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Amount: | $10,310,632.50
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Maturity: | Dec. 27, 2013
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Coupon: | 17.1%, payable monthly
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Price: | Par of $24.815
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Payout at maturity: | Lesser of stock return and equity cap price
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Initial share price: | $24.815
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Equity cap price: | $26.55205, 107% of initial share price
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Pricing date: | July 17
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Settlement date: | July 24
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Agent: | Barclays
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Fees: | None
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Cusip: | 06742D549
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