New York, July 30 - Barclays Bank plc priced an $11.72 million issue of 0% performance allocation securities due July 31, 2013 linked to the best performing of three equity portfolios, according to a 424B2 filing with the Securities and Exchange Commission.
Each portfolio consists of different weighted allocations to U.S. equities, international developed market equities and Asia excluding Japan equities.
Reference portfolio 1 consists of the U.S. Allocation portfolio with a 60% weight, the International Developed Market Allocation portfolio with a 10% weight and the Asia Ex. Japan Allocation portfolio with a 30% weight.
Reference portfolio 2 consists of the U.S. Allocation portfolio with a 30% weight, the International Developed Market Allocation portfolio with a 60% weight and the Asia Ex. Japan Allocation portfolio with a 10% weight.
Reference portfolio 3 consists of the U.S. Allocation portfolio with a 10% weight, the International Developed Market Allocation portfolio with a 30% weight and the Asia Ex. Japan Allocation portfolio with a 60% weight.
The payout at maturity will be par of $10 plus any gain in the best-performing portfolio.
If the best-performing portfolio finishes below its initial level, investors will share in the decline.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters
| Issuer: | Barclays Bank plc
|
| Issue: | Performance allocation securities
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| Underlying portfolios: | Portfolio 1: U.S. Allocation portfolio (60% weight), International Developed Market Allocation portfolio (10% weight) and Asia Ex. Japan Allocation portfolio (30% weight); Portfolio 2: U.S. Allocation portfolio (30% weight), International Developed Market Allocation portfolio (60% weight) and Asia Ex. Japan Allocation portfolio (10% weight); Portfolio 3: U.S. Allocation portfolio (10% weight), International Developed Market Allocation portfolio (30% weight) and Asia Ex. Japan Allocation portfolio (60% weight)
|
| Amount: | $11,716,290
|
| Maturity: | July 31, 2013
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any gain in the best-performing portfolio; If best performer declines, full exposure to any decline
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Underwriters: | UBS Financial Services Inc.; Barclays Capital Inc.
|
| Fees: | 3.5%
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