By Jennifer Chiou
New York, May 29 - Barclays Bank plc priced $2.03 million of 10.33% annualized yield optimization notes with contingent protection due Nov. 30, 2009 linked to the common stock of EMC Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $12.08, which is equal to the closing price of one EMC share on the pricing date.
Interest is payable quarterly.
If the final share price is greater than or equal to 70% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one EMC share per note.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | EMC Corp. (Symbol: EMC)
|
| Amount: | $2,031,409.04
|
| Maturity: | Nov. 30, 2009
|
| Coupon: | 10.33%, payable quarterly
|
| Price: | Par of $12.08
|
| Payout at maturity: | If EMC stock finishes below the trigger price, one EMC share per note; otherwise, par
|
| Initial share price: | $12.08
|
| Trigger price: | $8.46, 70% of initial price
|
| Pricing date: | May 27
|
| Settlement date: | May 29
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1%
|
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