By Toni Weeks
San Luis Obispo, Calif., Oct. 22 - Barclays Bank plc priced $30 million of 0% performance securities due Oct. 24, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 124.75% of the index return.
Investors will be fully exposed to losses if the index declines.
Barclays and UBS Financial Services Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance securities
|
| Underlying index: | Russell 2000
|
| Amount: | $30 million
|
| Maturity: | Oct. 24, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 124.75% of index return; full exposure to any losses
|
| Initial level: | 1,114.77
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agents: | Barclays and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06742E760
|
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