By Jennifer Chiou
New York, Jan. 20 - Barclays Bank plc priced $8.83 million of 8.55% yield optimization notes with contingent protection due Jan. 23, 2012 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Each note priced at par of $11.60, which was the closing price of Ford stock at pricing.
Interest is payable monthly.
If the stock finishes at or above 70% of the initial price, the payout at maturity will be par.
Otherwise, investors will receive one Ford share per note.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | Ford Motor Co. (NYSE: F)
|
| Amount: | $8,829,189.20
|
| Maturity: | Jan. 23, 2012
|
| Coupon: | 8.55%, payable monthly
|
| Price: | Par of $11.60
|
| Payout at maturity: | If Ford shares finish below the trigger price, one Ford share per note; otherwise, par
|
| Initial share price: | $11.60
|
| Trigger price: | $8.12, 70% of initial price
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2.75%
|
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