By Marisa Wong
Madison, Wis., Sept. 4 - Barclays Bank plc priced $8.8 million of 0% Performance Leveraged Upside Securities due Oct. 6, 2014 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 22%.
Investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | Vanguard FTSE Emerging Markets
|
| Amount: | $8,802,458
|
| Maturity: | Oct. 6, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, up to a maximum return of 22%; investors will be fully exposed to any losses
|
| Initial price: | $37.72
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | Barclays with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 2%
|
| Cusip: | 06742D424
|
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