By Toni Weeks
San Diego, Sept. 25 - Barclays Bank plc priced $39.75 million of 0% leveraged contingent barrier enhanced notes due Oct. 2, 2013 linked to Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of Brent crude oil is greater than the initial price, the payout at maturity will be par plus 3.12 times the increase, subject to a maximum return of 31.2%.
If the price declines by 20% or less, investors will receive par.
If the price declines by more than 20%, investors will be exposed to the decline from the initial price.
Barclays is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.
| Issuer: | Barclays Bank plc
|
| Issue: | Leveraged contingent barrier enhanced notes
|
| Underlying asset: | Brent crude oil
|
| Amount: | $39.75 million
|
| Maturity: | Oct. 2, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final price is greater than initial price, par plus 3.12 times the increase, subject to maximum return of 31.2%; par if price declines by up to 20%; full exposure to losses from initial level if price declines more than 20%
|
| Initial price: | $111.42
|
| Pricing date: | Sept. 21
|
| Settlement date: | Sept. 26
|
| Underwriter: | Barclays
|
| Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 06741TGX9
|
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