By Susanna Moon
Chicago, April 5 - Barclays Bank plc priced $1.1 million of digital notes due June 6, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the 4.4% digital return.
Investors will receive par if the index finishes above the 50% knock-in barrier level and will be fully exposed to any losses if the index falls by more than 50%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Digital notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $1.1 million
|
| Maturity: | June 6, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 4.4%; par if index falls by up to 50% and fully exposure to any losses if index drops by more than 50%
|
| Initial level: | 834.80
|
| Barrier level: | 417.40, 50% of initial price
|
| Pricing date: | April 3
|
| Settlement date: | April 9
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 06738K2Q3
|
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