Barclays updates yield, Cusip on $30 million 8.797% Yeelds on Apple

By Jennifer Chiou

New York, Nov. 1 - Barclays Bank plc revised the terms of its previously announced issue of $30 million principal amount of annualized Yield Enhanced Equity Linked Debt Securities due Dec. 31, 2012 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The yield on the securities was updated to 8.797% from 8.65%. Interest is payable monthly.

As announced, each note has a face value of $593.20.

The payout at maturity will be the lesser of the stock return and equity cap price, which is 110% of the initial share price.

In addition, the Cusip is now 06742A545, and the notes were set to settle on Nov. 1 instead of one day prior.

Barclays is the agent.

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