New Issue: Barclays sells $1 million capped market plus notes on gold via JPMorgan

By Marisa Wong

Madison, Wis., Jan. 6 - Barclays Bank plc priced $1 million of 0% capped market plus notes due Jan. 14, 2013 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, investors will receive par plus the greater of the gold return and 10%, subject to a maximum return of 20%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying commodity:	Gold
Amount:	$1 million
Maturity:	Jan. 14, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final gold price is 80% of initial price or more, par plus greater of gold return and 10%; otherwise, exposure to losses; return capped at 20%
Initial gold price:	$1,375.75
Pricing date:	Jan. 5
Settlement date:	Jan. 12
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	06740PQ66

© 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.