By Toni Weeks
San Diego, Aug. 25 - Barclays Bank plc priced $5 million of callable contingent accrual notes due Aug. 26, 2026 linked to six-month Libor and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be issued at 99.3125.
The per-year interest rate will be 8% for each day that six-month Libor is at or below 6% and the Russell 2000 closes at or above 515. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Aug. 26, 2012.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable contingent accrual notes
|
| Underlying components: Six-month Libor and Russell 2000 index
|
| Amount: | $5 million
|
| Maturity: | Aug. 26, 2026
|
| Coupon: | 8% per year for each day that six-month Libor is at or below 6% and Russell 2000 is at or above 515; payable semiannually
|
| Price: | 99.3125
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning Aug. 26, 2012
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 26
|
| Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1.32%
|
| Cusip: | 06738KSG7
|
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