By Susanna Moon
Chicago, Jan. 21 - Barclays Bank plc priced $7.5 million of 10.7% Yield Enhanced Equity Linked Debt Securities due July 27, 2011 based on Celanese Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Each note has a face value of $41.43.
The payout at maturity will be the lesser of the volume-weighted average price of Celanese shares on July 20 and the equity cap price, which is 110% of the initial value.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield Enhanced Equity Linked Debt Securities
|
| Underlying stock: | Celanese Corp. (NYSE: CE)
|
| Amount: | $7,500,031.47
|
| Maturity: | July 27, 2011
|
| Coupon: | 10.7%, payable monthly
|
| Price: | Par of $41.43
|
| Payout at maturity: | Lesser of VWAP of Celanese stock on July 20 and equity cap price
|
| Initial share price: | $41.43
|
| Equity cap price: | $45.573, 110% of the initial value
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 27
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06741J505
|
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