Published on 1/2/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.35 million trigger PLUS linked to WisdomTree Japan Hedged fund
By Angela McDaniels
Tacoma, Wash., Jan. 2 - Barclays Bank plc priced $10.35 million of 0% trigger Performance Leveraged Upside Securities due Jan. 5, 2016 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 200% of any gain in the fund, up to a maximum payment of $13.05 per note. The payout will be par if the shares fall by 10% or less. Investors will lose 1% for every 1% that the final share price is less than the initial share price if the shares fall by more than 10%.
Barclays is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | Barclays Bank plc
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying fund: | WisdomTree Japan Hedged Equity fund
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Amount: | $10,352,420
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Maturity: | Jan. 5, 2016
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any fund gain, capped at 30.5%; par if fund falls by up to 10%; full exposure to losses if fund finishes below trigger level
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Initial share price: | $50.65
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Trigger level: | $45.59, or 90% of initial price
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Pricing date: | Dec. 30
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Settlement date: | Jan. 3
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Agent: | Barclays
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 06742E331
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