By Susanna Moon
Chicago, July 29 - Barclays Bank plc priced $3.37 million of 0% return optimization securities with contingent protection due July 31, 2013 based on the performance of the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
The payout at maturity will be par of $10 plus 1.5 times any gain in the index, up to a maximum return of 40.5%.
Investors will receive par if the index falls by up to 30% and be exposed to the entire decline if the index declines beyond 30%.
| Issuer: | Barclays Bank plc
|
| Issue: | Return optimization securities with contingent protection
|
| Underlying index: | Dow Jones-UBS Commodity
|
| Amount: | $3,366,290
|
| Maturity: | July 31, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 40.5%; par if index falls by 30% or less; full exposure to index decline if it drops beyond 30%
|
| Initial level: | 128.7907
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06740H260
|
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