By Jennifer Chiou
New York, Feb. 2 - Barclays Bank plc priced $1.25 million of 0% quarterly autocallable notes due Feb. 6, 2012 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized return of 17.3% if Ford shares close at or above the initial share price on any of the quarterly observation dates: May 2, Aug. 1, Oct. 31, 2011 and Feb. 1, 2012.
If the notes are not called and the final share price is greater than or equal to 70% of the initial share price during the life of the notes, the payout at maturity will be par. Otherwise, the payout will be par plus the stock return.
Barclays Capital Inc. is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Quarterly autocallable notes
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $1.25 million
|
| Maturity: | Feb. 6, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If Ford shares finish at or above trigger price during life of notes, par; otherwise, par plus stock return
|
| Call: | Automatically at par plus 17.3% per year if Ford stock closes at or above initial share price on any of the quarterly observation dates
|
| Initial share price: | $15.95
|
| Trigger price: | $11.17, 70% initial price
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 1.5%
|
| Cusip: | 06738KAQ4
|
© 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.
