By Angela McDaniels
Tacoma, Wash., May 27 - Barclays Bank plc priced $2.2 million of 0% digital notes due Aug. 30, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or greater, the payout at maturity will be par plus 16.75%. If the index return is less than zero and the final index level is at least 80% of the initial index level, the payout will be par. If the index return is less than zero and the final index level is less than 80% of the initial level, the payout will be par plus the index return.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.2 million
|
| Maturity: | Aug. 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 16.75% if index finishes at or above initial level; par if index falls by 20% or less; full exposure to decline from initial level if index falls by more than 20%
|
| Initial index level: | 820.87
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06738KJW2
|
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