By Jennifer Chiou
New York, Feb. 13 - Barclays Bank plc priced $5 million of 0.5% notes due Feb. 14, 2022 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be the greater of par and the alternative redemption amount, which is par times the quotient of the closing value over the threshold value of 1,676.42, which is 124% of the initial level of 1,351.95.
The notes are callable on or after Feb. 17, 2015. Holders may put back their securities on any business day from Feb. 14, 2014 onwards.
Barclays Capital Inc. is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | S&P 500
|
| Amount: | $5 million
|
| Maturity: | Feb. 14, 2022
|
| Coupon: | 0.5%
|
| Price: | Par
|
| Payout at maturity: | Greater of par and the alternative redemption amount, which is par times the quotient of the closing value over the threshold value
|
| Call: | On or after Feb. 17, 2015; holders may put the notes on any business day from Feb. 14, 2014 onwards
|
| Initial level: | 1,351.95
|
| Threshold level: | 1,676.42, 124% of initial level
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 14
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06738KQ53
|
© 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.
