New Issue: Barclays prices $6.84 million capped market plus notes on Brent crude

By Jennifer Chiou

New York, May 8 - Barclays Bank plc priced $6,838,000 of 0% capped market plus notes due Nov. 8, 2012 linked to Brent crude futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.

If the final price is greater than or equal to 85% of the initial price, the payout at maturity will be par plus the greater of 6.35% and the return, subject to a maximum return of 8%.

If the final price is less than 85% of the initial price, investors will be fully exposed to the asset decline from the initial level.

Barclays Capital Inc. is the agent with J.P. Morgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying asset:	Brent crude futures contracts
Amount:	$6,838,000
Maturity:	Nov. 8, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is greater than or equal to barrier price, par plus greater of 6.35% and asset return, capped at 8%; otherwise, full exposure to decline from initial level
Initial price:	$113.18/barrel
Barrier price:	85% of initial price
Pricing date:	May 4
Settlement date:	May 9
Agent:	Barclays Capital Inc. with J.P. Morgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers
Fees:	0.5%
Cusip:	06738K4N8

© 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.