By Angela McDaniels
Tacoma, Wash., May 4 - Barclays Bank plc priced $11.1 million of 0% notes due May 8, 2014 linked to the performance of the Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is greater than zero, the payout at maturity will be par plus 144% of the return. If the currency return is less than or equal to zero, the payout will be par.
The currency return will be positive if the renminbi appreciates relative to the dollar.
Barclays Capital Inc. is the agent. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying currency: | Chinese renminbi relative to dollar
|
| Amount: | $11,095,000
|
| Maturity: | May 8, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 144% of currency return if currency return is positive; par if currency return is less than or equal to zero
|
| Initial exchange rate: | 6.267 renminbi per dollar
|
| Pricing date: | May 2
|
| Settlement date: | May 7
|
| Agent: | Barclays Capital Inc.
|
| Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 06738K4T5
|
© 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.
