Barclays sets maturity date for notes tied to Louisiana-Pacific stock

By Angela McDaniels

Tacoma, Wash., Aug. 14 - Barclays Bank plc's upcoming issue of 0% bearish notes linked to the common stock of Louisiana-Pacific Corp. will mature on Sept. 18, 2009, according to an FWP filing with the Securities and Exchange Commission.

Plans for the notes were first announced Aug. 6.

The principal amount of each note will be equal to the initial price of Louisiana-Pacific stock.

The payout at maturity will be par minus the return on Louisiana-Pacific stock, meaning investors will gain 1% for every 1% that the share price declines.

The final share price used to determine the stock's return will be the volume-weighted average price of Louisiana-Pacific stock on Sept. 15, 2009.

Barclays Capital Inc. is the agent.

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