Published on 6/27/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $22.45 million capped leveraged notes on S&P 500
By Jennifer Chiou
New York, June 27 - Barclays Bank plc priced $22.45 million of 0% Capped Leveraged Index Return Notes due June 28, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 200% of any index gain, capped at 19.04%.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
Bank of America Merrill Lynch is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Capped leveraged index return notes
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Underlying index: | S&P 500
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Amount: | $22,446,320
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Maturity: | June 28, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par of $10 plus 200% of any index gain, capped at 19.04%; par if index falls up to 10%, with exposure to losses beyond 10%
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Initial level: | 1,283.50
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Pricing date: | June 23
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Settlement date: | July 1
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Agent: | Bank of America Merrill Lynch
|
Fees: | 2%
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Cusip: | 06741J786
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