By E. Janene Geiss
Philadelphia, Aug. 27 - Barclays Bank plc priced $17.43 million of 0% buffered Performance Leveraged Upside Securities due Aug. 29, 2012 based on the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any fund gain, up to a maximum payout of $13.06 per note.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond the buffer. Investors will receive a minimum payment of at least $1.00 per par.
Morgan Stanley Smith Barney LLC and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $17,430,160
|
| Maturity: | Aug. 29, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 130.6%; exposure to losses beyond 10%; Minimum payout of $1.00 per par
|
| Initial share price: | $39.86
|
| Pricing date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Agents: | Morgan Stanley Smith Barney LLC and Barclays Capital Inc.
|
| Fees: | 2.25%
|
| Cusip: | 06740L279
|
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