By Angela McDaniels
Tacoma, Wash., Sept. 17 - Barclays Bank plc priced $7.5 million of 12% Yield Enhanced Equity Linked Debt Securities due April 2, 2010 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note has a face value of $27.95, which is the average execution price per share that a Barclays affiliate paid to hedge the securities.
Interest is payable monthly.
The payout at maturity will be an amount equal to the final share price of Halliburton stock. The payout will be capped at 111.5% of par and is payable in stock or cash, at Barclays' option.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield Enhanced Equity Linked Debt Securities
|
| Underlying stock: | Halliburton Co. (NYSE: HAL)
|
| Amount: | $7,500,019
|
| Maturity: | April 2, 2010
|
| Coupon: | 12%, payable monthly
|
| Price: | Par of $27.95
|
| Payout at maturity: | The lesser of the final price of Halliburton stock and the equity cap price, payable in cash or stock
|
| Initial share price: | $27.95
|
| Equity cap price: | $31.16425, 111.5% of the initial share price
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 23
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
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