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Published on 12/31/2008 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $16.8 million principal protection notes linked to index basket

By Angela McDaniels

Tacoma, Wash., Dec. 26 - Barclays Bank plc priced $16.8 million of zero-coupon 100% principal protection notes due Aug. 31, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 33.34% weight, the Dow Jones Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight.

The payout at maturity will be par of $10 plus any basket gain. Investors will receive at least par.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

Issuer:Barclays Bank plc
Issue:100% principal protection notes
Underlying indexes:S&P 500 (33.34% weight), Dow Jones Euro Stoxx 50 (33.33% weight) and Nikkei 225 (33.33% weight)
Amount:$16,795,810
Maturity:Aug. 31, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain; floor of par
Pricing date:Dec. 21
Settlement date:Dec. 31
Underwriters:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:3.5%

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