Published on 11/2/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.47 million capped market plus notes linked to gold
By Angela McDaniels
Tacoma, Wash., Nov. 2 - Barclays Bank plc priced $5.47 million of 0% capped market plus notes due Nov. 8, 2012 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of gold is less than 80% of the initial price, the payout at maturity will be par plus the gold return. Otherwise, the payout will be par plus the gold return, subject to a minimum return of 10% and a maximum return of 27%.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Barclays Bank plc
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Issue: | Capped market plus notes
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Underlying commodity: | Gold
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Amount: | $5,465,000
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Maturity: | Nov. 8, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final price of gold is at least 80% of initial price, par plus gold return, subject to minimum return of 10% and maximum return of 27%; otherwise, par plus gold return
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Initial gold price: | $1,354.50
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Pricing date: | Nov. 1
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Settlement date: | Nov. 8
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 06740PC79
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