By Angela McDaniels
Tacoma, Wash., March 16 - Barclays Bank plc priced $3.54 million of 10.7% annualized trigger yield optimization notes due Sept. 20, 2011 linked to the common stock of eBay Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The face amount of each note is $30.77, which is equal to the initial share price of eBay stock.
Interest is payable monthly.
The payout at maturity will be par unless the final price of eBay stock is less than 80% of the initial share price, in which case investors will receive one eBay share per note.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | eBay Inc. (Nasdaq: EBAY)
|
| Amount: | $3,544,027.06
|
| Maturity: | Sept. 20, 2011
|
| Coupon: | 10.7%, payable monthly
|
| Price: | Par of $30.77
|
| Payout at maturity: | If final share price is less than trigger price, one eBay share; otherwise, par
|
| Initial share price: | $30.77
|
| Trigger price: | $24.62, 80% of initial price
|
| Pricing date: | March 14
|
| Settlement date: | March 17
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06739J822
|
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