By Marisa Wong
Madison, Wis., Sept. 26 - Barclays Bank plc priced $19.56 million of 0% leveraged notes due Sept. 29, 2015 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 triple any gain in the index, up to a maximum payment of $1,234 for each $1,000 principal amount.
Investors will be exposed to any losses.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Leveraged notes
|
| Underlying index: | S&P 500
|
| Amount: | $19.56 million
|
| Maturity: | Sept. 29, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain, capped at 23.4%; exposure to any losses
|
| Initial index level: | 1,697.42
|
| Pricing date: | Sept. 24
|
| Settlement date: | Oct. 1
|
| Underwriter: | Barclays
|
| Fees: | 1.48%
|
| Cusip: | 06741TL88
|
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