Barclays issued an amended 424B2 filing with the Securities and Exchange Commission that corrected the issue size of its Performance Leveraged Upside Securities linked to the Vanguard FTSE Emerging Markets exchange-traded fund. A story about the deal appeared in the Sept. 5 edition of the Prospect News Structured Products Daily. A revised version of that story follows:
By Marisa Wong
Madison, Wis., Sept. 4 - Barclays Bank plc priced $8.98 million of 0% Performance Leveraged Upside Securities due Oct. 6, 2014 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 22%. Investors will be fully exposed to any losses.
Barclays is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | Vanguard FTSE Emerging Markets
|
| Amount: | $8,982,100
|
| Maturity: | Oct. 6, 2014
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any fund gain, up to maximum return of 22%; investors will be fully exposed to any losses
|
| Initial price: | $37.72
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | Barclays
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2%
|
| Cusip: | 06742D424
|
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