By Jennifer Chiou
New York, May 3 - Barclays Bank plc priced $4,033,660 of 0% trigger jump securities due Nov. 4, 2013 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus the 10.75% upside payment.
Investors will receive par if the share price declines by 10% or less and will be fully exposed to the stock's decline from the initial share price if it declines by more than 10%.
Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger jump securities
|
| Underlying stock: | Apple Inc. (Symbol: AAPL)
|
| Amount: | $4,033,660
|
| Maturity: | Nov. 4, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 10.75% if Apple shares finish at or above initial price; par for losses up to 10% and full exposure to losses if stock declines beyond buffer
|
| Initial price: | $442.75
|
| Trigger price: | $398.475, 90% of initial price
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | Barclays with Morgan Stanley Smith Barney LLC as dealer
|
| Fees: | 1.5%
|
| Cusip: | 06742C459
|
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