By Angela McDaniels
Tacoma, Wash., Feb. 11 - Barclays Bank plc priced an additional $12.5 million of its 0% iPath exchange-traded notes due June 24, 2038 linked to the Dow Jones - UBS Cotton Total Return sub-index, according to a 424B2 filing with the Securities and Exchange Commission.
The additional notes bring the issue size to $62.5 million.
The payout at maturity will be par of $50 plus the index return minus the investor fee. The investor fee is initially zero and increases each day by an amount equal to 0.75% of par plus the index return on that day divided by 365.
The notes are putable at any time, subject to a minimum of 50,000 securities. The payout will be calculated in the same way as the payout at maturity.
The notes are listed on the NYSE Arca under the symbol "BAL."
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath exchange-traded notes
|
| Underlying index: | Dow Jones - UBS Cotton Total Return
|
| Amount: | $62.5 million, increased from $25 million
|
| Maturity: | June 24, 2038
|
| Coupon: | 0%
|
| Price: | Par of $50
|
| Payout at maturity: | Par plus the index return and minus the investor fee, which is calculated on a daily basis and is equal to 0.75% of par plus the index return divided by 365
|
| Put option: | At any time, with payout determined in same way as payout at maturity; minimum redemption requirement of 50,000 notes
|
| Pricing dates: | June 24, 2008 for original $25 million; Feb. 11 for latest $12.5 million
|
| Settlement dates: | June 27, 2008 for $25 million; Oct. 21, 2009 for $12.5 million; Nov. 11 for $12.5 million; Feb. 9 for $12.5 million
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Listing: | NYSE Arca: BAL
|
| Cusip: | 06739H271
|
© 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.
