By Toni Weeks
San Luis Obispo, Calif. Aug. 13 - Barclays Bank plc priced $2.02 million of 0% capped return enhanced notes due Aug. 27, 2014 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the Apple share price, up to a maximum return of 35.2%.
Investors will be exposed to any losses.
The final price will be the average of the closing share prices on the five trading days ending Aug. 22, 2014.
Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped return enhanced notes
|
| Underlying stock: | Apple Inc. (Symbol: AAPL)
|
| Amount: | $2,015,000
|
| Maturity: | Aug. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any Apple share price gain, up to a maximum return of 35.2%; full exposure to losses
|
| Initial price: | $454.45
|
| Final price: | Average of closing share prices on five trading days ending Aug. 22, 2014
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 14
|
| Underwriter: | Barclays with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
| Fees: | 1%
|
| Cusip: | 06741TD20
|
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