By Angela McDaniels
Tacoma ,Wash., June 11 - Barclays Bank plc priced an additional $50 million of 0% iPath exchange-traded notes due Oct. 22, 2037 linked to the Dow Jones - AIG Livestock Total Return sub-index, according to a 424B3 filing with the Securities and Exchange Commission.
The company priced $250 million of the notes on Oct. 23, 2007. The total amount of notes priced is now $300 million.
The index is a sub-index of the Dow Jones - AIG Commodity index, and its level is calculated based on futures contracts for lean hogs and live cattle plus the interest rate that could be earned on cash collateral invested in selected Treasury bills.
The payout at maturity will be par of $50 plus the index return minus the investor fee. The investor fee is initially zero and increases each day by an amount equal to 0.75% of par plus the index return on that day divided by 365.
The notes are putable at any time, subject to a minimum of 50,000 securities. The payout will be calculated in the same way as the payout at maturity.
The notes are listed on the NYSE Arca stock exchange under the symbol "COW."
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath exchange-traded notes
|
| Underlying index: | Dow Jones - AIG Livestock Total Return
|
| Amount: | $300 million, upsized from $250 million
|
| Maturity: | Oct. 22, 2037
|
| Coupon: | 0%
|
| Price: | Par of $50
|
| Payout at maturity: | Par plus the index return and minus the investor fee, which is calculated on a daily basis and is equal to 0.75% of par per year, multiplied by the index factor divided by 365
|
| Put: | At any time, with payout determined in same way as payout at maturity; minimum redemption requirement of 50,000 notes
|
| Pricing date: | Oct. 23, 2007 for original issue; June 11 for add-on
|
| Settlement date: | Oct. 26, 2007 for original issue; June 16 for add-on
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Listing: | NYSE Arca: COW
|
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