By Jennifer Chiou
New York, Oct. 30 - Barclays Bank plc priced $1.93 million of 10.3% annualized yield optimization notes with contingent protection due Jan. 29, 2010 linked to the common stock of Research In Motion Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $60.78, which was the closing price of Research In Motion stock on the pricing date.
Interest is payable at maturity.
If the stock finishes at or above 75% of the initial price, the payout at maturity will be par.
Otherwise, investors will receive one Research In Motion share per note.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Research In Motion Ltd. (Symbol: RIMM)
|
| Amount: | $1,933,047.12
|
| Maturity: | Jan. 29, 2010
|
| Coupon: | 10.3%, payable at maturity
|
| Price: | Par of $60.78
|
| Payout at maturity: | If Research In Motion shares finish below the trigger price, one Research In Motion share per note; otherwise, par
|
| Initial share price: | $60.78
|
| Trigger price: | $45.59, 75% of initial price
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 30
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 0.6%
|
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