Published on 7/26/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.77 million Super Track notes on Freeport-McMoRan
By Jennifer Chiou
New York, July 26 - Barclays Bank plc priced $1,765,000 of 0% Super Track notes due July 29, 2015 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 1.34 times the stock return.
Investors will share in any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying stock: | Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
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Amount: | $1,765,000
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Maturity: | July 29, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final share price is greater than initial share price, par plus 1.34 times stock return; otherwise, exposure to losses
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Initial price: | $28.88
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Pricing date: | July 24
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Settlement date: | July 29
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06741TZM2
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