By Angela McDaniels
Tacoma, Wash., Dec. 20 - Barclays Bank plc priced $2.66 million of 0% autocallable notes due June 21, 2012 linked to the S&P GSCI Brent Crude Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at 106.75% of par if the index closes at or above the initial level on any trading day from March 16, 2012 to June 18, 2012.
The payout at maturity will be par if the index's final level is at least 80% of the initial level. Otherwise, investors will be fully exposed to the index's decline from its initial level.
Barclays Capital Inc. is the agent, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are dealers.
Issuer: | Barclays Bank plc
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Issue: | Autocallable notes
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Underlying index: | S&P GSCI Brent Crude Index Excess Return
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Amount: | $2.66 million
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Maturity: | June 21, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par if final index level is at least 80% of initial index level; otherwise, full exposure to index decline
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Call: | Automatically at 106.75% of par if index's closing level is greater than or equal to initial index level on any trading day from March 16, 2012 to June 18, 2012
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Initial index level: | 747.9651
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Agent: | Barclays Capital Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as dealers
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Fees: | 0.5%
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Cusip: | 06738KD99
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