By Angela McDaniels
Tacoma, Wash., July 14 - Barclays Bank plc changed the maturity date of its $2.92 million 0% semiannual autocallable notes linked to the iShares Dow Jones U.S. Real Estate index fund to Jan. 6, 2012 from Dec. 6, 2011, according to a 424B3 filing with the Securities and Exchange Commission.
The call valuation dates are now Jan. 3, 2011, July 1, 2011 and Jan. 3, 2012. The first and last call valuation dates were previously scheduled for Dec. 1, 2010 and Dec. 1, 2011, respectively.
The remaining terms of the notes are unchanged.
If the exchange-traded fund's shares close at or above the initial share price on any call valuation date, the notes will be automatically called and investors will receive par plus an annualized call premium of 24.1%.
If the notes are not called and the final share price is at least 75% of the initial price, the payout at maturity will be par. If the final share price is less than 75% of the initial price, investors will be fully exposed to the decline.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Semiannual autocallable notes
|
| Underlying ETF: | iShares Dow Jones U.S. Real Estate index fund
|
| Amount: | $2,916,000
|
| Maturity: | Jan. 6, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if final share price is at least 75% of initial price; otherwise, full exposure to share price decline
|
| Call: | At par plus 24.1% per year if fund closes at or above initial level on Jan. 3, 2011, July 1, 2011 or Jan. 3, 2012
|
| Initial share price: | $47.12
|
| Pricing date: | July 1
|
| Settlement date: | July 7
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.05%
|
| Cusip: | 06740PBV7
|
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