By Angela McDaniels
Tacoma, Wash., March 21 - Barclays Bank plc priced $31.2 million of 0% notes due June 24, 2014 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
For each $1,000 principal amount of notes, the payout at maturity will be (a) $1,000 multiplied by (b) one plus the index return multiplied by (c) the adjustment factor, 100.26%.
Because of the adjustment factor, investors will receive less than par if the final index level is less than the initial level by more than 0.259%.
Barclays is the underwriter with J.P. Morgan Securities LLC as agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Topix
|
| Amount: | $31.2 million
|
| Maturity: | June 24, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (a) $1,000 multiplied by (b) one plus index return multiplied by (c) 100.26%
|
| Initial index level: | 1,164.33
|
| Pricing date: | March 19
|
| Settlement date: | March 24
|
| Underwriter: | Barclays
|
| Dealer: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 06741UAR5
|
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