New Issue: Barclays sells $2.82 million capped market plus notes on S&P GSCI via JPMorgan

By Susanna Moon

Chicago, March 15 - Barclays Bank plc priced $2.82 million of 0% capped market plus notes due April 1, 2011 based on the S&P GSCI Excess Return Index, according to a 424B2 filing with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

The payout will be par plus any index gain, up to a maximum return of 13.25% and a minimum return of 5%.

If the index closes below the barrier level - 80% of the initial level - on any day during the life of the notes, the payout at maturity will be par plus the index return with exposure to any losses.

Issuer:	Barclays Bank plc
Issue:	Capped market plus notes
Underlying index:	S&P GSCI Excess Return
Amount:	$2,822,000
Maturity:	April 1, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return if index falls by more than 20% during life of notes; otherwise, par plus index return; capped at 13.25%, floor of 5%
Initial index level:	431.6523
Pricing date:	March 12
Settlement date:	March 19
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%
Cusip:	06740JZQ6

© 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.