By Marisa Wong
Madison, Wis., Feb. 26 - Barclays Bank plc priced $1.25 million of 0% capped participation notes due Aug. 27, 2014 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any percentage increase in the price of gold, subject to a maximum return of 19.15%.
Investors will receive par if the price of gold falls by up to 15% and will be exposed to losses from the initial price if it falls by more than 15%.
Barclays is the underwriter with JPMorgan as the placement agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped participation notes
|
| Underlying asset: | Gold
|
| Amount: | $1.25 million
|
| Maturity: | Aug. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in gold price, return capped at 19.15%; par if gold price falls by up to 15% and full exposure to losses if it falls by more than 15%
|
| Initial price: | $1,576.50
|
| Pricing date: | Feb. 22
|
| Settlement date: | Feb. 27
|
| Underwriter: | Barclays with JPMorgan as placement agent
|
| Fees: | 1.25%
|
| Cusip: | 06741TPP6
|
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