Published on 5/27/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $450,000 two-year notes linked to Hang Seng China index
By Susanna Moon
Chicago, May 27 - Barclays Bank plc priced $450,000 of 0% Super Track notes due May 31, 2013 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of $1,270 for every $1,000 principal amount.
Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond 20%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Super Track notes
|
Underlying index: | Hang Seng China Enterprises
|
Amount: | $450,000
|
Maturity: | May 31, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, capped at 27%; exposure to losses beyond 20%
|
Initial index level: | 12,689.66
|
Knock-in barrier: | 10,151.73, or 80% of initial level
|
Pricing date: | May 25
|
Settlement date: | May 31
|
Agent: | Barclays Capital Inc.
|
Fees: | 2%
|
Cusip: | 06738KJU6
|
© 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.