E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Return enhanced notes
Underlying index:S&P 500
Amount:$1,475,000
Maturity:Sept. 17, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any gain in index, capped at 15.2%; exposure to any losses
Initial index level:1,632.97
Pricing date:Aug. 30
Settlement date:Sept. 5
Underwriter:Barclays
Agents:JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:1%
Cusip:06741TF51

© 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.