Published on 8/6/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $990,000 market plus notes linked to WTI crude oil
By Jennifer Chiou
New York, Aug. 6 - Barclays Bank plc priced $990,000 of 0% market plus notes due Aug. 13, 2014 linked to a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of WTI crude finishes at or above the barrier level, the payout at maturity will be par plus the greater of any gain and the 8.7% contingent minimum return.
Otherwise, investors will be fully exposed to losses.
Barclays is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.
Issuer: | Barclays Bank plc
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Issue: | Market plus notes
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Underlying commodity: | WTI crude oil futures contract
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Amount: | $990,000
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Maturity: | Aug. 13, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If crude finishes at or above barrier level, par plus any gain, floor of 8.7%; otherwise, full exposure to losses
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Initial price: | $85.55
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Barrier level: | 80% of initial level
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Pricing date: | Aug. 2
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Settlement date: | Aug. 7
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Underwriter: | Barclays
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Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 06741TB97
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