By Susanna Moon
Chicago, April 20 - Barclays Bank plc priced $1.93 million of 12.95% yield optimization notes with contingent protection due April 20, 2012 based on the common stock of Las Vegas Sands Inc., according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
Each note priced at par of $22.90, which was the closing price of Las Vegas Sands stock at pricing.
Interest is payable monthly.
If the final share price of Las Vegas Sands stock is greater than or equal to 65% of the initial price, the payout at maturity will be par. Otherwise, the payout will be one Las Vegas Sands share per note.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Las Vegas Sands Corp. (NYSE: LVS)
|
| Amount: | $1,929,897.50
|
| Maturity: | April 20, 2012
|
| Coupon: | 12.95%, payable monthly
|
| Price: | Par of $22.90
|
| Payout at maturity: | If Las Vegas Sands shares finish below trigger price, one Las Vegas Sands share; otherwise, par
|
| Initial share price: | $22.90
|
| Trigger price: | $14.89, or 65% of initial price
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2.75%
|
| Cusip: | 06740L402
|
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