By E. Janene Geiss
Philadelphia, Feb. 26 - Barclays Bank plc priced $2 million of zero-coupon 100% principal-protected notes due March 7, 2014 linked to the performance of the institutional-class shares of the Pimco Total Return Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than the initial level, the payout at maturity will be par plus 115% of the gain. Investors will receive at least par.
The final fund level will equal the arithmetic average of the fund's closing level on the last business day of February for each year.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | 100% principal-protected notes
|
| Underlying fund: | Pimco Total Return Fund
|
| Amount: | $2 million
|
| Maturity: | March 7, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any fund gain; floor of par
|
| Initial fund level: | 1.0000
|
| Final fund level: | Arithmetic average of the fund's closing level on the last business day of February for each year from February 2010 through February 2014
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 27
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 4%
|
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