By Marisa Wong
Madison, Wis., Oct. 25 - Barclays Bank plc priced an additional $11.15 million of 0% iPath exchange-traded notes due June 24, 2038 linked to the Dow Jones - UBS Coffee Subindex Total Return, according to a 424B2 filing with the Securities and Exchange Commission.
The $25 million principal amount of additional notes have a market price of $11.15 million based on $22.30 per ETN, which is the average of the high and low prices of the ETNs reported on NYSE Arca on Oct. 24.
The additional notes bring the total issue size to $250 million. The original $25 million of notes priced June 27, 2008.
The payout at maturity will be par of $50.00 plus the index return, which could be positive or negative, minus the investor fee. The investor fee is calculated on a daily basis and is equal to 0.75% of par multiplied by the index factor - the closing level of the index on that day divided by the initial index level - divided by 365.
The notes are putable at any time subject to a minimum of 50,000 notes.
The notes are listed on the NYSE Arca stock exchange under the symbol "JO."
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath exchange-traded notes
|
| Underlying index: | Dow Jones - UBS Coffee Subindex Total Return
|
| Amount: | $250 million, increased from original $25 million
|
| Maturity: | June 24, 2038
|
| Coupon: | 0%
|
| Initial price: | Par of $50
|
| Payout at maturity: | Par plus index return minus investor fee of about 0.75% per year
|
| Put option: | At any time subject to minimum of 50,000 notes
|
| Pricing date: | June 27, 2008 for original issue
|
| Settlement dates: | June 27, 2008 for $25 million; Nov. 11, 2010 for $10 million; March 14, 2011 for $15 million; May 6, 2011 for $50 million; May 10, 2011 for $50 million; Jan. 30, 2013 for $40 million; Aug. 6 for $10 million; Aug. 28 for $25 million; Oct. 28 for $25 million
|
| Agent: | Barclays
|
| Fees: | None
|
| Listing: | NYSE Arca: JO
|
| Cusip: | 06739H297
|
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