By Angela McDaniels
Tacoma, Wash., Dec. 23 - Barclays Bank plc priced $3.38 million of 0% double short leverage securities due Dec. 28, 2010 linked to the Barclays Capital 30Y Treasury Futures index, according to a 424B2 filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
The notes priced at 102.6.
The notes will be called if the index increases by more than 35%.
The payout at maturity or upon redemption will be par minus 200% of the index return plus an amount equal to the interest accrued on the principal amount at a rate per year equal to overnight Libor, compounded daily. The notes are not principal protected.
| Issuer: | Barclays Bank plc
|
| Issue: | Double short leverage securities
|
| Underlying index: | Barclays Capital 30Y Treasury Futures index
|
| Amount: | $3,382,722
|
| Maturity: | Dec. 28, 2010
|
| Coupon: | 0%
|
| Price: | 102.6
|
| Payout at maturity: | Par minus 200% of the index return plus the interest accrued on the principal amount at an annual rate equal to overnight Libor, compounded daily
|
| Call: | If index increases by more than 35%; payout determined in same way as at maturity
|
| Initial index level: | 166.7294
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 24
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2.6%
|
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