By Angela McDaniels
Tacoma, Wash., April 19 - Barclays Bank plc priced $1.37 million of 0% buffered return optimization securities due May 4, 2012 linked to corn and soybeans futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
Each commodity has a 50% weight in the basket.
The payout at maturity will be par of $10 plus 1.5 times any increase in the basket, subject to a maximum return of 17.5%. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return optimization securities
|
| Underlying commodities: | Corn and soybeans futures contracts, equally weighted
|
| Amount: | $1.37 million
|
| Maturity: | May 4, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any increase in the basket, up to maximum return of 17.5%; par if basket falls by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial prices: | 742 cents for corn and 1,331.75 cents for soybeans
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06741K742
|
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