Published on 1/9/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $16.05 million 9.18% 10-month Yeelds linked to Apple
By Marisa Wong
Madison, Wis., Jan. 9 - Barclays Bank plc priced $16.05 million principal amount of 9.18% annualized Yield Enhanced Equity Linked Debt Securities due Nov. 25, 2014 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Each note has a face value of $539.61.
The payout at maturity will be the lesser of the stock return and equity cap price, which is 110% of the initial share price.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Yield Enhanced Equity Linked Debt Securities
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Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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Amount: | $16,048,541.01
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Maturity: | Nov. 25, 2014
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Coupon: | 9.18%, payable monthly
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Price: | Par of $539.61
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Payout at maturity: | Lesser of stock return and equity cap price
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Initial share price: | $539.61
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Equity cap price: | $593.571, 110% of initial share price
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Pricing date: | Jan. 7
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Settlement date: | Jan. 14
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Agent: | Barclays
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Fees: | None
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Cusip: | 06742B832
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