By Susanna Moon
Chicago, Aug. 16 - Barclays Bank plc priced $33 million of 0% notes due Dec. 15, 2011 linked to Brent crude futures, according to a 424B2 filing with the Securities and Exchange Commission.
If the price of Brent crude finishes at or above the barrier level - 80% of the initial level - the payout at maturity will be par plus 6.1%.
Otherwise, investors will be exposed to losses beyond the initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying commodity: | Brent crude futures contract
|
| Amount: | $33 million
|
| Maturity: | Dec. 15, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 6.1% if Brent crude finishes at or above barrier; otherwise, full exposure to any losses
|
| Initial level: | $108.70
|
| Barrier level: | 80% of initial price
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 17
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 06738KSH5
|
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