By Laura Lutz
Des Moines, Oct. 1 - Barclays Bank plc priced a $3.6 million issue of ETF Plus notes due Oct. 6, 2008 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to 2.15% plus any apportioned dividends, which will be the stated dividends per share of the exchange-traded fund times the number of reference shares represented by each note. Each note will represent a number of shares equal to par divided by the initial share price.
The payout at maturity will be par plus the share performance of the ETF. Investors will share in any losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | ETF Plus medium-term notes, series A
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $3.6 million
|
| Maturity: | Oct. 6, 2008
|
| Coupon: | 2.15% plus any apportioned dividends
|
| Price: | Par
|
| Payout at maturity: | Par plus the share performance of the ETF
|
| Initial share price: | $149.45
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.1%
|
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