By Angela McDaniels
Tacoma, Wash., May 9 - Barclays Bank plc priced an additional $50 million of its 0% iPath exchange-traded notes due June 24, 2038 linked to the Dow Jones - UBS Coffee Subindex Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The original $25 million of notes priced June 27, 2008. The total issue size is now $150 million.
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 is calculated on a daily basis and is equal to 0.75% of par multiplied by the index factor - the closing level of the index on that day divided by the initial index level - 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 "JO."
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath exchange-traded notes
|
| Underlying index: | Dow Jones - UBS Coffee Subindex Total Return
|
| Amount: | $150 million, increased from original $25 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 27, 2008 for original issue; November for $10 million; March 11 for $15 million; May 5 for $50 million; May 9 for $50 million
|
| Settlement dates: | June 27, 2008 for $25 million; Nov. 11 for $10 million; March 14 for $15 million; May 6 for $50 million; May 10 for $50 million
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Listing: | NYSE Arca: JO
|
| Cusip: | 06739H297
|
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