New Issue: Barclays prices $1.18 million capped market plus notes linked to GE

By Angela McDaniels

Tacoma, Wash., July 24 – Barclays Bank plc priced $1.18 million of 0% capped market plus notes due Jan. 27, 2016 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the knock-in barrier price, 85% of the initial share price, then the payout at maturity will be par plus the greater of 5% and the stock return, subject to a maximum return of 19.55%.

If the final share price is less than the knock-in barrier price, investors will lose 1% for every 1% that the final share price is less than the initial share price or, at the issuer’s option, receive a number of GE shares equal to $1,000 divided by the initial share price.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying stock:	General Electric Co. (Symbol: GE)
Amount:	$1,176,000
Maturity:	Jan. 27, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to knock-in barrier price, par plus greater of 5% and stock return, subject to 19.55% maximum return; otherwise, 1% loss for every 1% that final share price is less than initial share price or, at issuer’s option, 38.49115 GE shares
Initial share price:	$25.98
Knock-in barrier price:	22.08, 85% of initial share price
Pricing date:	July 22
Settlement date:	July 25
Agent:	Barclays
Fees:	1%
Cusip:	06741JV63

© 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.