By Marisa Wong
Madison, Wis., Feb. 25 - Barclays Bank plc priced $3 million of 0% notes due March 6, 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 payout at maturity or upon redemption will be par plus the index return minus an investor fee of about 0.75% per year.
The notes are putable, subject to a minimum of 1,000 notes, and callable at any time.
The index reflects the returns available by maintaining a rolling position in exchange-traded futures contracts for WTI crude oil.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Capital Series-2 WTI Crude 11M Deferred TR index
|
| Amount: | $3 million
|
| Maturity: | March 6, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus an investor fee of about 0.75% per year
|
| Put option: | At any time; subject to a minimum of 1,000 notes
|
| Call option: | In whole at any time
|
| Initial level: | 1,608.7463
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KCG4
|
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