By Jennifer Chiou
New York, Oct. 14 - Barclays Bank plc priced $5 million of 0% medium-term notes due Jan. 16, 2015 linked to the Barclays Capital Pure Beta Plus II Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The Pure Beta index is a proprietary commodities index that is designed to reflect the total returns available through the application of the Barclays Capital Pure Beta methodology to a basket of underlying physical commodities, which are selected so as to correspond to the commodities included in the Dow Jones - UBS Commodity Index Total Return.
The notes are putable at any time. The payout will be calculated in the same manner as the payout at maturity.
The payout at maturity will be par plus the index return minus a fee equal to 1.75% per year times the final index level divided by the initial index level.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Medium-term notes
|
| Underlying index: | Barclays Capital Pure Beta Plus II Total Return
|
| Amount: | $5 million
|
| Maturity: | Jan. 16, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the index return minus a fee equal to 1.75% per year times the final index level divided by the initial index level
|
| Initial level: | 66.7643
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 19
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
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