By Angela McDaniels
Tacoma, Wash., Aug. 30 - Barclays Bank plc priced $1.28 million principal amount of 0% performance tracking securities due Aug. 30, 2013 linked to the S&P 500 Dynamic Veqtor Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 102.5 for proceeds of $1.31 million.
The payout at maturity will be the then-current net daily value.
The net daily value on the pricing date was $10. On each subsequent day, it will be the net daily value on the previous day multiplied by the daily index factor - the closing index level on that day divided by the closing level on the preceding day - and minus the investor fee.
The investor fee was zero on the pricing date. On each subsequent day, it will be 0.6% times the net daily value on the preceding day times the daily index factor on that day divided by 365.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Performance tracking securities
|
| Underlying index: | S&P 500 Dynamic Veqtor Total Return
|
| Amount: | $1,275,240
|
| Proceeds: | $1,307,121
|
| Maturity: | Aug. 30, 2013
|
| Coupon: | 0%
|
| Price: | 102.5
|
| Payout at maturity: | The final net daily value
|
| Net daily value: | $10 on pricing date; on each subsequent day, net daily value on previous day multiplied by daily index factor and minus investor fee of approximately 0.6% per year
|
| Initial index level: | 184,575.453
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2.5% of par
|
| Cusip: | 06740C311
|
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