By Marisa Wong
Madison, Wis., March 29 - Barclays Bank plc priced an additional $25 million of 0% iPath Dow Jones - UBS Agriculture Subindex Total Return exchange-traded notes due Oct. 22, 2037, according to a 424B2 filing with the Securities and Exchange Commission.
The new notes bring the total issue size to $325 million. The original $250 million of notes priced on Oct. 23, 2007.
The payout at maturity will be par of $50 plus the index return 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 "JJA."
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | iPath exchange-traded notes
|
Underlying index: | Dow Jones - UBS Agriculture Subindex Total Return
|
Amount: | $350 million, increased from $250 million
|
Maturity: | Oct. 22, 2037
|
Coupon: | 0%
|
Price: | Par of $50
|
Payout at maturity: | Par plus index return and minus investor fee, which is calculated daily and is equal to 0.75% of par plus 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: | Oct. 23, 2007 for $250 million; March 21 for $37.5 million; March 24 for $37.5 million; March 28 for $25 million
|
Settlement dates: | Oct. 26, 2007 for original issue; March 22 for first add-on; March 25 for second add-on; March 30 for third add-on
|
Agent: | Barclays Capital Inc.
|
Fees: | None
|
Listing: | NYSE Arca: JJA
|
Cusip: | 06739H206
|
© 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.