Published on 12/6/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.13 million knock-out buffered notes on stocks, ADSs
By Marisa Wong
Madison, Wis., Dec. 6 - Barclays Bank plc priced $2.13 million of 0% knock-out buffered notes due June 12, 2013 linked to a basket of common stocks and American Depositary Shares, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket includes the common stocks of Pfizer Inc., Deere & Co., PepsiCo, Inc., Yum! Brands, Inc., Apple Inc. and Philip Morris International Inc.; the class A common stock of Google Inc.; and the American Depositary Shares of Unilever plc, Total SA, BP plc, Siemens AG, Vodafone Group plc, Anheuser-Busch InBev SA/NV, HSBC Holdings plc and BHP Billiton Ltd.
If the final basket level is less than the initial level by more than 21.25%, the payout at maturity will be par plus the basket return, with full exposure to losses. Otherwise, the payout will be par plus the greater of the basket return and 3%.
Barclays Capital Inc. is the agent, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as the placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Knock-out buffered notes
|
| Underlying basket: | Common stocks of Pfizer Inc. (NYSE: PFE), Deere & Co. (NYSE: DE), PepsiCo, Inc. (NYSE: PEP), Yum! Brands, Inc. (NYSE: YUM), Apple Inc. (Nasdaq: AAPL) and Philip Morris International Inc. (NYSE: PM); class A common stock of Google Inc. (Nasdaq: GOOG); and American Depositary Shares of Unilever plc (NYSE: UL), Total SA (NYSE: TOT), BP plc (NYSE: BP), Siemens AG (NYSE: SI), Vodafone Group plc (Nasdaq: VOD), Anheuser-Busch InBev SA/NV (NYSE: BUD), HSBC Holdings plc (NYSE: HBC) and BHP Billiton Ltd. (Nasdaq: BHP)
|
| Amount: | $2,134,000
|
| Maturity: | June 12, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is less than initial level by more than 21.25%, par plus basket return, with full exposure to losses; otherwise, par plus the greater of the basket return and 3%
|
| Initial prices: | $19.89 for Pfizer, $77.69 for Deere, $64.28 for PepsiCo, $56.25 for Yum!, $389.70 for Apple, $75.47 for Philip Morris, $620.36 for Google, $32.66 for Unilever, $51.42 for Total, $43.29 for BP, $99.91 for Siemens, $26.80 for Vodafone, $59.91 for Anheuser-Busch, $39.57 for HSBC and $75.30 for BHP Billiton
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 7
|
| Agents: | Barclays Capital Inc. as agent, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
| Fees: | 1.25%
|
| Cusip: | 06738KA84
|
© 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.
