Published on 3/28/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $983,000 buffered digital notes linked to Russell
By Jennifer Chiou
New York, March 28 - Barclays Bank plc priced $983,000 of 0% buffered digital notes due March 31, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive or zero, the payout at maturity will be par plus a digital percentage of 17.1%.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond the 20% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $983,000
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Maturity: | March 31, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive or zero, par plus 17.1%; par if index declines by 20% or less; exposure to losses beyond 20% buffer
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Initial index level: | 949.82
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Pricing date: | March 26
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Settlement date: | March 28
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Agent: | Barclays
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Fees: | 2.3%
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Cusip: | 06741TQK6
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