Published on 10/23/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.51 million return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, Oct. 23 - Barclays Bank plc priced $1.51 million of 0% buffered return enhanced notes due Nov. 6, 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 plus double any gain in the index, up to a maximum return of 18.6%.
Investors will be exposed to any losses.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as dealers.
Issuer: | Barclays Bank plc
|
Issue: | Return enhanced notes
|
Underlying index: | S&P 500
|
Amount: | $1.51 million
|
Maturity: | Nov. 6, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 18.6%; exposure to any losses
|
Initial level: | 1,433.19
|
Pricing date: | Oct. 19
|
Settlement date: | Oct. 24
|
Agent: | Barclays
|
Dealers: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1%
|
Cusip: | 06741TJH1
|
© 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.