Published on 9/4/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.48 million return enhanced notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 4 - Barclays Bank plc priced $1.48 million of 0% return enhanced notes due Sept. 17, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 15.2%. Investors will be exposed to any losses.
Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as the placement agents.
Issuer: | Barclays Bank plc
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Issue: | Return enhanced notes
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Underlying index: | S&P 500
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Amount: | $1,475,000
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Maturity: | Sept. 17, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain in index, capped at 15.2%; exposure to any losses
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Initial index level: | 1,632.97
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Underwriter: | Barclays
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 06741TF51
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