E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/15/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $5.26 million return optimization securities on copper, zinc via UBS

By Susanna Moon

Chicago, Feb. 15 - Barclays Bank plc priced $5.26 million of 0% return optimization securities due Feb. 17, 2012 based on a basket of copper and zinc, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any gain in the basket, up to a maximum payment of $12.55 per note.

Investors will be exposed to any losses.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

Issuer:Barclays Bank plc
Issue:Return optimization securities
Underlying metals:Copper and zinc, equally weighted
Amount:$5,261,240
Maturity:Feb. 17, 2012
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any basket gain, capped at 25.5%; exposure to any basket decline
Initial prices:$9,920.50 for copper and $2,415.00 for zinc
Pricing date:Feb. 11
Settlement date:Feb. 16
Underwriters:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:2%
Cusip:06740P536

© 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.