By Toni Weeks
San Diego, June 2 - Barclays Bank plc priced $10.14 million of 0% notes due June 5, 2014 linked to an equally weighted basket consisting of the Barclays Capital Voyager II DJ-UBSCI Excess Return index and the Barclays Capital Commodity-Based Alpha Trading Strategy Volt 10 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
An intraday trigger event will occur when the intraday indicative value of the basket is less than 40% of the initial basket during the life of the notes.
If an intraday trigger event has not occurred, the payout at maturity will be par plus the basket return, less an adjustment fee of 5.75%.
If an intraday trigger even has occurred, the payout at maturity will be par plus the final intraday return, less the adjustment fee. The final intraday return is the basket return based on the basket performance relative to the initial level on the trigger event date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying indexes: | Barclays Capital Voyager II DJ-UBSCI Excess Return index and Barclays Capital Commodity-Based Alpha Trading Strategy Volt 10 Excess Return index, equally weighted
|
| Amount: | $10,143,600
|
| Maturity: | June 5, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If intraday indicative basket value drops below 40% of initial basket value during life of notes, par plus final intraday return, less 5.75% adjustment fee; otherwise par plus basket return less 5.75%
|
| Initial levels: | 677.1203 for Voyager, 1,193.954 for ComBATS
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.1%
|
| Cusip: | 06738KKV2
|
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