By Marisa Wong
Madison, Wis., Aug. 19 – Barclays Bank plc priced $103.82 million of 0% buffered return enhanced notes due Sept. 3, 2015 linked to futures contracts on WTI crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3715 times any gain in the futures contract price, up to the maximum return of 13.715%.
Investors will receive par for losses up to 10% and will lose 1.1111% per 1% decline beyond 10%.
Barclays is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered return enhanced notes
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| Underlying asset: | WTI crude oil
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| Amount: | $103.82 million
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| Maturity: | Sept. 3, 2015
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.3715 times any gain in futures contract price, up to maximum return of 13.715%; par for losses up to 10%; 1.1111% loss per 1% decline beyond 10%
|
| Initial price: | $97.35
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| Buffer price: | $87.62, 90% of initial price
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| Pricing date: | Aug. 15
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| Settlement date: | Aug. 20
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| Underwriter: | Barclays with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
| Fees: | 1%
|
| Cusip: | 06741UHQ0
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