By Marisa Wong
Madison, Wis., July 14 - Barclays Bank plc priced $2.04 million of 0% notes due July 15, 2016 linked to the Barclays Capital Voyager II DJ-UBSCI Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return minus an investor fee of 1.25% per year.
The notes are putable at any time, subject to a minimum of 250 notes, and they are callable at any time. The payout will be determined in the same way as at maturity.
If the index falls below 40% of its initial level at any time on any day during the life of the notes, the company has the option to redeem the notes. The index return will be calculated using the intraday level of the index on the trigger date as determined by the calculation agent.
The index is designed to provide investors with exposure to commodities markets while seeking to limit the potential downside of investing in commodities. The commodities underlying the index as selected to correspond to the commodities included in the Dow Jones - UBS Commodity index. The index consists of positions in either one or two of the following indexes for the relevant commodity: Barclays Capital Single Commodity Nearby Excess Return indexes, Barclays Capital Momentum Alpha indexes, Barclays Capital Roll Yield indexes and Barclays Capital Seasonal indexes.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Capital Voyager II DJ-UBSCI Total Return index
|
| Amount: | $2,041,000
|
| Maturity: | July 15, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus fee of 1.25% per year
|
| Put option: | At any time subject to minimum of 250 notes
|
| Call option: | At any time
|
| Initial index level: | 883.022
|
| Pricing date: | July 12
|
| Settlement date: | July 15
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KMF5
|
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