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 3/1/2011 in the Prospect News Structured Products Daily.

Barclays to price five-year notes linked to S&P 500 Dynamic Veqtor

By Jennifer Chiou

New York, March 1 - Barclays Bank plc plans to price 0% notes due March 31, 2016 linked to the S&P 500 Dynamic Veqtor Mid-Term Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will equal the closing indicative value on March 28, 2016. This value will be reduced by an investor fee equal to 0.95% per year. Investors will be fully exposed to any losses.

Subject to at least 25 notes, the securities may be redeemed prior to maturity at the closing indicative value on the valuation date.

The notes (Cusip: 06738KDA6) will price on March 28 and settle on March 31.

Barclays Capital Inc. is the agent.


© 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.