By Susanna Moon
Chicago, Feb. 25 - Barclays Bank plc priced $4.24 million of 0% trigger autocallable optimization securities due March 1, 2012 linked to IntercontinentalExchange, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call return of 17.5% if IntercontinentalExchange shares close at or above the initial price on any of 12 monthly observation dates.
The payout at maturity will be par if IntercontinentalExchange stock finishes at or above 80% of the initial price.
Otherwise, the payout will be par plus the stock return, with exposure to any losses.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying stock: | IntercontinentalExchange, Inc. (Symbol: ICE)
|
| Amount: | $4,239,440
|
| Maturity: | March 1, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If IntercontinentalExchange shares finish at or above trigger price, par; otherwise, par plus share return
|
| Call: | At par plus annualized call return of 17.5% if IntercontinentalExchange shares close at or above initial price on any of 12 monthly observation dates
|
| Initial price: | $122.73
|
| Trigger price: | $98.18, or 80% of initial price
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Underwriter: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 06741J703
|
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