By Susanna Moon
Chicago, Feb. 10 - Barclays Bank plc priced $6.5 million of 9% callable yield notes due Feb. 13, 2013 linked to the Russell 2000 index and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless either underlying component closes below its trigger level - 55% of its initial level - during the life of the notes and either finishes below its initial level, in which case investors will receive par plus the return of the worst-performing underlying component.
The notes will be callable at par on any interest payment date.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable yield notes
|
| Underlying components: | Russell 2000 index and SPDR S&P Metals & Mining ETF
|
| Amount: | $6.5 million
|
| Maturity: | Feb. 13, 2013
|
| Coupon: | 9%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par, unless either component ever closes below 55% trigger level and either component finishes below initial level, in which case par plus return of worst-performing component
|
| Call option: | At par on any monthly interest payment date
|
| Initial levels: | 828.40 for Russell 2000, $55.47 for metals fund
|
| Knock-in barrier: | 455.62 for Russell 2000, $30.51 for metals fund; 55% of initial levels
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 13
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
| Cusip: | 06738KP88
|
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