By Susanna Moon
Chicago, Nov. 29 - Barclays Bank plc priced $2.4 million of 0% annual autocallable notes due Nov. 29, 2013 based on the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on any valuation day, the notes will be called at par plus 10.75% if the notes are called on Dec. 1, 2011, at 21.5% if called on Nov. 26, 2012 and at 32.25% if the notes are called on Nov. 25, 2013.
If the notes are not called and the final index level is at least 70% of the initial level, the payout at maturity will be par. If the index falls below the protection level, investors will share fully in losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Annual autocallable notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.4 million
|
| Maturity: | Nov. 29, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 10.75% if the notes are called on Dec. 1, 2011, at 21.5% if called on Nov. 26, 2012 and at 32.25% if the notes are called on Nov. 25, 2013
|
| Payout at maturity: | Par if index falls by up to 30% and full exposure to losses if index falls beyond 30%
|
| Initial index level: | 736.53
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06740PB39
|
© 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.
