Published on 4/18/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $18.33 million return enhanced notes linked to S&P 500 via JPMorgan
By Susanna Moon
Chicago, April 18 - Barclays Bank plc priced $18.33 million of 0% return enhanced notes due May 2, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 17.5%.
Investors will be exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Return enhanced notes
|
Underlying index: | S&P 500
|
Amount: | $18,325,000
|
Maturity: | May 2, 2012
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus double any index gain, capped at 17.5%; exposure to any losses
|
Initial index level: | 1,319.68
|
Pricing date: | April 15
|
Settlement date: | April 20
|
Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 06738KHJ3
|
© 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.