Published on 2/28/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $160,000 buffered digital plus notes linked to the Dow
By Jennifer Chiou
New York, Feb. 28 - Barclays Bank plc priced $160,000 of 0% buffered digital plus notes due Aug. 31, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the greater of the gain and the digital return of 15.25%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital plus notes
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Underlying index: | Dow Jones industrial average
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Amount: | $160,000
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Maturity: | Aug. 31, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus return with floor of 15.25% if index gains; par if index falls by 20% or less; exposure to losses beyond 20%
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Initial index level: | 13,900.13
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Pricing date: | Feb. 26
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Settlement date: | Feb. 28
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Agent: | Barclays
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Fees: | 3.45%
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Cusip: | 06741TNN3
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