Published on 6/18/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.97 million one-year notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., June 18 - Barclays Bank plc priced $1.97 million of 0% notes due July 2, 2014 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 85% of the initial index level, the payout at maturity will be par plus the greater of zero and the index return, subject to a maximum return of 20%. If the final index level is less than 85% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial level.
Barclays is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | MSCI EAFE
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Amount: | $1,965,000
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Maturity: | July 2, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is at least 85% of initial index level, par plus greater of zero and index return, subject to maximum return of 20%; otherwise, 1% loss for every 1% that final index level is less than initial level
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Initial index level: | 1,689.43
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Barrier level: | 1,436.02, 85% of initial level
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Pricing date: | June 14
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Settlement date: | June 19
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Underwriter: | Barclays
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 06741J2V0
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