New Issue: Barclays sells $41.65 million capped leveraged notes tied to S&P 500 via Merrill

By Susanna Moon

Chicago, Nov. 1 - Barclays Bank plc priced $41.65 million of 0% Capped Leveraged Index Return Notes due Oct. 26, 2012 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

The payout at maturity will be par of $10.00 plus double any index gain, up to a cap of $12.132 per note.

Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.

Issuer:	Barclays Bank plc
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500 index
Amount:	$41,649,710
Maturity:	Oct. 26, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 21.32%; exposure to losses beyond 10%
Initial level:	1,183.78
Threshold level:	1,065.40, or 90% of initial level
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	060520L147

© 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.