By Angela McDaniels
Seattle, Feb. 27 - Barclays Bank plc priced a $2 million offering of zero-coupon principal-protected digital plus notes due Aug. 28, 2012 linked to a basket of metals, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of aluminum, nickel and zinc.
If the basket return on Aug. 23, 2012, the final valuation date, is more than 60%, the payout at maturity will be par plus the basket return.
If the final basket return is equal to or greater than 0% and less than or equal to 60%, the payout will be par plus 60%.
If the final basket return is less than 0%, the payout will be the par plus 10%.
| Issuer: | Barclays Bank plc
|
| Issue: | Principal-protected digital plus medium-term notes, series A
|
| Underlying basket: | Aluminum, nickel and zinc, equally weighted
|
| Amount: | $2 million
|
| Maturity: | Aug. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return if final basket level increases by more than 60%; par plus 60% if basket return is positive and is less than or equal to 60%; par plus 10% if basket return is negative
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Barclays Capital Inc.
|
| Agent fees: | 4%
|
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