Published on 4/15/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.96 million notes linked to WisdomTree Japan fund
By Angela McDaniels
Tacoma, Wash., April 15 - Barclays Bank plc priced $1.96 million of 0% notes due April 29, 2015 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the 85% barrier value, the payout at maturity will be par plus the fund return, subject to a minimum payout of par and a maximum return of 15.7%. If the final share price is less than the 85% barrier value, investors will lose 1% for every 1% that the final share price is less than the initial share price.
Barclays is the underwriter with J.P. Morgan Securities LLC as agent.
Issuer: | Barclays Bank plc
|
Issue: | Notes
|
Underlying fund: | WisdomTree Japan Hedged Equity fund
|
Amount: | $1.96 million
|
Maturity: | April 29, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final share price is greater than or equal to barrier value, par plus fund return, subject to minimum payout of par and maximum return of 15.7%; if final share price is less than barrier value, 1% loss for every 1% that final share price is less than initial share price
|
Initial share price: | $44.84
|
Final share price: Average of closing share prices on five trading days ending April 24, 2015
|
Barrier value: | $38.11, 85% of initial share price
|
Pricing date: | April 11
|
Settlement date: | April 16
|
Underwriter: | Barclays
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 06741UCB8
|
© 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.