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 11/17/2010 in the Prospect News Structured Products Daily.

Barclays to price 0% notes linked to Multi-Strategy DJ-UBSCI index

By Angela McDaniels

Tacoma, Wash., Nov. 17 - Barclays Bank plc plans to price 0% notes due Dec. 19, 2013 linked to the Barclays Capital Multi-Strategy DJ-UBSCI with Seasonal Energy 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 investor fee of about 0.95% per year.

The index is designed to reflect the returns that are potentially available through the application of the roll yield, seasonal or momentum alpha methodologies to the futures contracts for the commodities that are included in the Dow Jones - UBS Commodity index. The weightings of the commodities underlying the index are adjusted on a monthly basis.

The notes (Cusip 06740PL38) are expected to price Dec. 15 and settle Dec. 20.

Barclays Capital Inc. is the agent.


© 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.