By Angela McDaniels
Tacoma, Wash., June 15 - Barclays Bank plc priced $4.62 million of callable contingent accrual notes due June 18, 2027 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 7% per year multiplied by the proportion of days on which six-month Libor is 6% or less and the closing level of the S&P 500 is greater than or equal to 984.73. Interest is payable quarterly.
The payout at maturity will be par.
Beginning June 18, 2013, the notes are callable at par on any interest payment date.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable contingent accrual notes
|
| Underlyings: | Six-month Libor, S&P 500 index
|
| Amount: | $4,618,000
|
| Maturity: | June 18, 2027
|
| Coupon: | 7% per year multiplied by proportion of days on which six-month Libor is 6% or less and S&P 500 closes at or above 984.73; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from June 18, 2013 onward
|
| Pricing date: | June 14
|
| Settlement date: | June 18
|
| Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06741TAZ0
|
© 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.
