By Toni Weeks
San Diego, July 12 - Barclays Bank plc priced $8.43 million of 8.94% annualized trigger yield optimization notes due Jan. 13, 2012 linked to the common stock of Fluor Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial share price of Fluor stock.
The payout at maturity will be par unless the final price of Fluor stock is less than 80% of the initial share price, in which case investors will receive one Fluor share per note.
Barclays Capital Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Fluor Corp. (NYSE: FLR)
|
| Amount: | $8,432,031.30
|
| Maturity: | Jan. 13, 2012
|
| Coupon: | 8.94%, payable monthly
|
| Price: | Par of $66.99
|
| Payout at maturity: | If final share price is less than trigger price, one Fluor share; otherwise, par
|
| Initial share price: | $66.99
|
| Trigger price: | $53.59, 80% of initial price
|
| Pricing date: | July 8
|
| Settlement date: | July 13
|
| Underwriters: | Barclays Capital Inc. and UBS Financial Services Inc.
|
| Fees: | 1%
|
| Cusip: | 06741K163
|
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