New Issue: Barclays prices $6.26 million contingent return optimization notes on Russell 2000

By Toni Weeks

San Luis Obispo, Calif., June 27 - Barclays Bank plc priced $6.26 million of 0% contingent return optimization securities due Dec. 31, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% trigger level, the payout at maturity will be par plus the greater of the 6% contingent return and any index gain, up to a maximum return of 36.46%.

Otherwise, investors will be fully exposed to losses from the initial index level.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Contingent return optimization securities
Underlying index:	Russell 2000
Amount:	$6,257,590
Maturity:	Dec. 31, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above trigger level, par plus the greater of the 6% contingent return and any index gain, capped at 36.46%; otherwise, full exposure to losses
Initial level:	961.26
Trigger level:	720.95, 75% of initial level
Pricing date:	June 25
Settlement date:	June 28
Agents:	Barclays and UBS Financial Services Inc.
Fees:	2.25%
Cusip:	06742D879

© 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.