Barclays plans iPath notes linked to Dow Jones - AIG Livestock Total Return

By Jennifer Chiou

New York, Oct. 12 - Barclays Bank plc plans to price 0% iPath exchange-traded notes due 2037 linked to the Dow Jones - AIG Livestock Total Return Sub-Index, according to a 424B3 filing with the Securities and Exchange Commission.

The contracts used to calculate the index include lean hogs and live cattle.

The payout at maturity will be par multiplied by the index factor, which is the closing value of the index divided by the initial level on the final valuation date, minus the investor fee. The investor fee is calculated on a daily basis and is equal to 0.75% of par per year, multiplied by the index factor divided by 365.

Noteholders may redeem their securities on any redemption day - the third business day following a valuation date - during the life of the securities for a cash payment equal to par multiplied by the index factor on the valuation date, minus the investor fee. There is a minimum redemption requirement of 50,000 notes.

The valuation dates will be the Thursday of each week during the life of the securities.

The notes are expected to price on Oct. 23 and settle on Oct. 26.

The notes will be listed on the NYSE Arca stock exchange under the symbol "COW."

Barclays Capital Inc. will be the agent.

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