Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7.6 million leveraged buffered notes linked to S&P 500
By Susanna Moon
Chicago, May 30 - Barclays Bank plc priced $7.6 million of 0% leveraged buffered notes due Sept. 22, 2014 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 1.2 times any gain in the index, up to a maximum payment of $1,153.60 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Barclays is the underwriter.
Issuer: | Barclays Bank plc
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $7,603,000
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Maturity: | Sept. 22, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any gain, capped at 15.36%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
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Initial level: | 1,649.60
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Buffer level: | 1,484.64, 90% of initial price
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Pricing date: | May 24
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Settlement date: | June 3
|
Underwriter: | Barclays
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Fees: | None
|
Cusip: | 06741TVH7
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