By Angela McDaniels
Tacoma, Wash., March 21 - Barclays Bank plc priced an additional $25 million of 0% iPath Dow Jones - UBS Softs Subindex Total Return exchange-traded notes due June 24, 2038, according to a 424B2 filing with the Securities and Exchange Commission.
The additional notes bring the total issue size to $125 million. The issuer previously priced $50 million of notes on June 24, 2008, $12.5 million on Feb. 3, $12.5 million on March 2 and $25 million on March 18.
The payout at maturity will be par of $50 plus the index return, which could be positive or negative, minus the investor fee. The investor fee was initially zero and increases each day by an amount equal to 0.75% of par plus the index return on that day divided by 365.
The notes are putable at any time subject to a minimum of 50,000 notes.
The notes are listed on the NYSE Arca stock exchange under the symbol "JJS."
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath exchange-traded notes
|
| Underlying index: | Dow Jones - UBS Softs Subindex Total Return
|
| Amount: | $125 million, increased from $50 million
|
| Maturity: | June 24, 2038
|
| Coupon: | 0%
|
| Price: | Par of $50
|
| Payout at maturity: | Par plus index return minus investor fee of about 0.75% per year
|
| Put option: | At any time subject to minimum of 50,000 notes
|
| Pricing dates: | June 24, 2008 for $50 million; Feb. 3 for $12.5 million; March 2 for $12.5 million; March 18 for $25 million; March 21 for $25 million
|
| Settlement dates: | June 27, 2008 for original issue; Feb. 4 for first add-on; March 3 for second add-on; March 21 for third add-on; March 22 for fourth add-on
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Listing: | NYSE Arca: JJS
|
| Cusip: | 06739H230
|
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