In a statement announcing the product launch, Barclays Capital said: “We believe that, following a recent sell-off, the 2016 futures contract – to which the investment is linked – is trading at an unduly depressed level, with analysis suggesting it could realise at a much higher level than is currently priced in.”
Launched last week, the investment has an annual coupon of 2.15% from 2011 until 2016 as well as exposure to the FTSE 100 Dividend Index.
The medium-term note is issued by Barclays Bank and the coupon is paid annually, from December 2011 to December 2016. The entry level was recorded as 175 on 7 October, 2011.
