By Toni Weeks
San Diego, March 24 - Barclays Bank plc priced an additional $37.5 million of 0% iPath Dow Jones - UBS Softs Subindex Total Return exchange-traded notes due June 24, 2038, according to a 424B2 filing with the Securities and Exchange Commission.
The additional notes bring the issue size to $162.5 million. The issuer previously priced $50 million of notes on June 24, 2008, $12.5 million on Feb. 3, $12.5 million on March 2, $25 million on March 18 and $25 million on March 21.
The payout at maturity will be par of $50 plus the index return, which could be positive or negative, minus the investor fee. The investor fee was 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 NYSE Arca under the symbol "JJS."
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | iPath exchange-traded notes
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Underlying index: | Dow Jones - UBS Softs Subindex Total Return
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Amount: | $162.5 million, increased from $50 million
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Maturity: | June 24, 2038
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Coupon: | 0%
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Price: | Par of $50
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Payout at maturity: | Par plus index return minus investor fee of about 0.75% per year
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Put option: | At any time, subject to minimum of 50,000 notes
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Pricing dates: | June 24, 2008 for $50 million; Feb. 3 for $12.5 million; March 2 for $12.5 million; March 18 for $25 million; March 21 for $25 million; March 24 for $25 million
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Settlement dates: | June 27, 2008 for original issue; Feb. 4 for first add-on; March 3 for second add-on; March 21 for third add-on; March 22 for fourth add-on; March 25 for fifth add-on
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Agent: | Barclays Capital Inc.
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Fees: | None
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Listing: | NYSE Arca: JJS
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Cusip: | 06739H230
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