By Susanna Moon
Chicago, Feb. 10 - Barclays Bank plc priced $5 million of 0% return optimization securities due Feb. 13, 2013 based on the performance of Citigroup Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus five times any gain in Citigroup shares, up to a maximum payout of $14.15 per note.
Investors will be exposed to any losses.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Return optimization securities
|
| Underlying stock: | Citigroup Inc. (NYSE: C)
|
| Amount: | $5 million
|
| Maturity: | Feb. 13, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 500% of any gain in Citigroup shares, capped at 41.5%; exposure to losses
|
| Initial level: | $4.89
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 11
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06741J604
|
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