By Toni Weeks
San Diego, Dec. 6 - Barclays Bank plc priced $4.02 million of 0% notes Dec. 12, 2012 linked to the Barclays Capital Series-2 WTI Crude 11M Deferred TR index, according to a 424B2 filing with the Securities and Exchange Commission.
The index reflects the returns available by maintaining a rolling position in exchange-traded futures contracts for WTI crude oil.
The notes are putable, subject to a minimum of $1 million of notes, and callable at any time.
The payout at maturity or upon redemption will be par plus the index return minus an investor fee of 0.75% per year. Investors will be exposed to any losses.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Capital Series-2 WTI Crude 11M Deferred TR index
|
| Amount: | $4,015,000
|
| Maturity: | Dec. 12, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus an investor fee of 0.75% per year
|
| Call option: | At any time
|
| Put option: | Subject to minimum of 1,000 notes
|
| Inception date: | Dec. 1
|
| Settlement date: | Dec. 6
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KB67
|
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