By Angela McDaniels
Tacoma, Wash., June 24 - Barclays Bank plc priced $11.81 million of 9.89% annualized trigger yield optimization notes due Dec. 28, 2011 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $47.11, which is equal to the initial share price of Halliburton stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of Halliburton stock is less than 75% of the initial share price, in which case investors will receive one Halliburton share per note.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $11,811,419.20
|
| Maturity: | Dec. 28, 2011
|
| Coupon: | 9.89%, payable monthly
|
| Price: | Par of $47.11
|
| Payout at maturity: | If final share price is less than trigger price, one Halliburton share; otherwise, par
|
| Initial share price: | $47.11
|
| Trigger price: | $35.33, 75% of initial price
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06741K254
|
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