Published on 8/28/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.93 million capped market plus notes tied to S&P 500
By Marisa Wong
Madison, Wis., Aug. 28 - Barclays Bank plc priced $4.93 million of 0% capped market plus notes due Sept. 11, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes below the barrier level, 80% of the initial level, on any day between and including the pricing date and the final valuation date, the payout at maturity will be par plus the index return. Investors will be fully exposed to any losses.
If the index never closes below the barrier level, investors will receive par plus the greater of the index return and a contingent minimum return of 7.65%.
In either case, the maximum return is 15%.
Barclays Capital Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
Issuer: | Barclays Bank plc
|
Issue: | Capped market plus notes
|
Underlying index: | S&P 500
|
Amount: | $4,926,000
|
Maturity: | Sept. 11, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index level remains at or above barrier level during life of notes, par plus greater of index return and 7.65%; otherwise, par plus index return, with exposure to losses; in both cases, return capped at 15%
|
Initial level: | 1,411.13
|
Barrier level: | 1,128.90, 80% of initial price
|
Pricing date: | Aug. 24
|
Settlement date: | Aug. 29
|
Agents: | Barclays Capital Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
Fees: | 1%
|
Cusip: | 06741TFG7
|
© 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.