By Susanna Moon
Chicago, Jan. 19 - Barclays Bank plc priced $1.43 million of 0% notes due Jan. 23, 2014 linked to the Barclays Capital Backwardation Alpha DJ-UBS Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return, minus an index fee rate of 1.5%, less the investor fee of 0.25%.
Investors will be exposed to any losses.
The notes are callable in whole and putable at any time. Holders must put a minimum of 250 notes. The notes will be automatically called if the index falls below 50% of the initial level at any time during the life of the notes.
The redemption amount will be determined in the same manner as the payout at maturity.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Capital Backwardation Alpha DJ-UBS Total Return index
|
| Amount: | $1,425,000
|
| Maturity: | Jan. 23, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return minus index fee rate of 1.5% and less investor fee of 0.25%; exposure to any losses
|
| Call: | In whole on any day; automatic call if index drops below 50% of initial level at any time during life of the notes
|
| Put option: | On any day at minimum of 250 notes
|
| Initial level: | 1,120.709
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 20
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KG88
|
© 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.
