New Issue: Barclays prices $3.66 million digital notes linked to WTI crude oil

By Toni Weeks

San Luis Obispo, Calif., April 2 - Barclays Bank plc priced $3.66 million of 0% digital notes due June 8, 2015 linked to the WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of WTI crude oil finishes at or above 81.1% of the initial price, the payout at maturity will be par plus the digital return of 10%.

Otherwise, investors will share in losses.

The final price will be average of the settlement prices on five trading days ending June 3, 2015.

Barclays is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	Barclays Bank plc
Issue:	Digital notes
Underlying commodity:	WTI crude oil futures contract
Amount:	$3,656,000
Maturity:	June 8, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If WTI crude finishes at or above 81.1% of initial price, par plus 10%; otherwise, full exposure to losses
Initial price:	$101.67
Barrier price:	$82.45, 81.1% of initial price
Final price:	Average of the settlement prices on five trading days ending June 3, 2015
Pricing date:	March 28
Settlement date:	April 2
Underwriter:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as agent
Fees:	1.2%
Cusip:	06741UAV6

© 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.