By Susanna Moon
Chicago, May 16 - Barclays Bank plc priced $25 million of 0% iPath exchange-traded notes due June 24, 2038 linked to the Dow Jones - AIG Cocoa Total Return sub-index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $90 million. The issuer priced $25 million of the notes on June 24, 2008 and another $25 million on Oct. 21, 2009.
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 will be 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 were accepted for listing on the NYSE Arca under the symbol "NIB."
Barclays Capital Inc. will be the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath exchange-traded notes
|
| Underlying index: | Dow Jones - AIG Cocoa Total Return
|
| Amount: | $90 million, up 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: | At any time, with payout determined in same way as payout at maturity; minimum redemption requirement of 50,000 notes
|
| Pricing date: | June 24, 2008 for original $25 million
|
| Settlement date: | June 27, 2008 for original $25 million; Oct. 21, 2009 for $25 million; May 16 for latest $40 million
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Listing: | NYSE Arca: NIB
|
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