By Susanna Moon
Chicago, Oct. 12 - Barclays Bank plc priced $1 million zero-coupon Beta Plus notes due Oct. 20 2009 linked to West Texas Intermediate crude oil, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the sum of the performance of WTI crude and a Beta Plus Factor of 15%.
If the asset level declines, investors will lose 1% for each 1% that the reference asset return declines by more than the Beta Plus Factor.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Beta Plus notes
|
| Underlying asset: | West Texas Intermediate crude oil
|
| Amount: | $1 million
|
| Maturity: | Oct. 20, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the return on the underlying asset and a Beta Plus Factor of 15%; if the asset declines, 1% loss for each 1% reference asset falls by more than Beta Plus Factor
|
| Initial asset level: | $83.08 per barrel
|
| Pricing date: | Oct. 11
|
| Settlement date: | Oct. 18
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0%
|
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