By Toni Weeks
San Diego, July 30 - Barclays Bank plc priced $4.5 million of notes due July 29, 2016 linked to a basket of 10 commodity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the S&P GSCI Sugar Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Corn Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Lean Hogs Index Excess Return, the S&P GSCI Gold Index Excess Return, the S&P GSCI Natural Gas Index Excess Return, the S&P GSCI Lead Index Excess Return, the S&P GSCI Nickel Index Excess Return and the S&P GSCI Zinc Index Excess Return.
The notes will pay a coupon each year equal to the greater of (a) the average of the index performances on the applicable coupon observation date and (b) zero.
If an index's return is greater than or equal to zero, its performance will be equal to the 7.5% return cap. Otherwise, an index's performance will be the greater of its return and negative 25%.
The payout at maturity will be par plus the final coupon payment.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc.
|
| Issue: | Notes
|
| Underlying indexes: | S&P GSCI Sugar Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Corn Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Lean Hogs Index Excess Return, the S&P GSCI Gold Index Excess Return, the S&P GSCI Natural Gas Index Excess Return, the S&P GSCI Lead Index Excess Return, the S&P GSCI Nickel Index Excess Return and the S&P GSCI Zinc Index Excess Return
|
| Amount: | $4.5 million
|
| Maturity: | July 29, 2016
|
| Coupon: | Greater of average of index performances on applicable coupon observation date and 0%, payable annually
|
| Index performance: | If index return is greater than or equal to zero, 7.5%; otherwise, greater of its return and negative 25%
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon payment
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 4%
|
| Cusip: | 06741TCA3
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