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Published on 2/25/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2 million callable point to point notes linked to Dow Industrials

By Angela McDaniels

Tacoma, Wash., Feb. 25 - Barclays Bank plc priced $2 million of 0% callable point to point notes due Feb. 29, 2016 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the call level - 135% of the initial index level - on Feb. 23, 2015, the notes will be automatically called and investors will receive par plus 35%.

If the notes are not called, the payout at maturity will be par plus any index gain. If the index declines, the payout will be par.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Callable point to point notes
Underlying index:Dow Jones Industrial Average
Amount:$2 million
Maturity:Feb. 29, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; floor of par
Call:Automatically at par plus 35% if index closes at or above call level on Feb. 23, 2015
Initial index level:10,282.41
Call level:13,881.25, 135% of initial level
Pricing date:Feb. 23
Settlement date:Feb. 26
Agent:Barclays Capital Inc.
Fees:5%
Cusip:06740JK33

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