By Susanna Moon
Chicago, Aug. 5 - Barclays Bank plc priced an additional $10 million of its 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.
This brings the total issue size to $160 million. The original $25 million of notes priced June 27, 2008.
The payout at maturity will be par of $50 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
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Issue: | iPath exchange-traded notes
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Underlying index: | Dow Jones - UBS Coffee Subindex Total Return
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Amount: | $160 million, increased from original $25 million
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Maturity: | June 24, 2038
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Coupon: | 0%
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Price: | Par of $50
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Payout at maturity: | Par plus index return minus investor fee of about 0.75% per year
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Put option: | At any time subject to minimum of 50,000 notes
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Pricing dates: | June 27, 2008 for original issue
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Settlement dates: | June 27, 2008 for $25 million; Aug. 6 for latest $10 million
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Agent: | Barclays Capital Inc.
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Fees: | None
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Listing: | NYSE Arca: JO
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Cusip: | 06739H297
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