By Jennifer Chiou
New York, Nov. 19 – Barclays Bank plc priced $17,523,291 of 5.15% annualized Yield Enhanced Equity Linked Debt Securities due May 26, 2015 linked to the common stock of Radian Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face value of $16.7687.
Interest is payable monthly.
The payout at maturity will be an amount equal to the volume-weighted average price of Radian stock on May 15, 2015. The payout will be capped at 120% of par and is payable in cash or Radian stock at the issuer's option.
The volume-weighted average price of Radian stock will be adjusted if the actual aggregate dividend and the expected aggregate dividend differ. The expected dividend schedule is $0.0025 per share on Nov. 20 and $0.06 on Feb. 26.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield Enhanced Equity Linked Debt Securities
|
| Underlying stock: | Radian Group, Inc. (Symbol: RDN)
|
| Amount: | $17,523,291.50
|
| Maturity: | May 26, 2015
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| Coupon: | 5.15%, payable monthly
|
| Price: | Par of $16.7687
|
| Payout at maturity: | Lesser of volume-weighted average price of Radian stock on May 15, 2015 and equity cap price, payable in cash or Radian stock
|
| Initial share price: | $16.7687
|
| Equity cap price: $20.12244, 120% of initial share price
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 24
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06742Y428
|
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