By Susanna Moon
Chicago, March 26 - Barclays Bank plc priced $6.34 million of 9.05% airbag autocallable yield optimization notes due March 27, 2015 linked to Fresh Market Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if Fresh Market shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Fresh Market shares equal to $1,000 divided by the conversion price. The conversion price is 85% of the initial share price.
UBS Financial Services Inc. and Barclays are the underwriters.
Issuer: | Barclays Bank plc
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Issue: | Airbag autocallable yield optimization notes
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Underlying stock: | Fresh Market Inc. (Symbol: TFM)
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Amount: | $6,338,000
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Maturity: | March 27, 2015
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Coupon: | 9.05%, payable monthly
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Price: | Par
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Payout at maturity: | If final share price is less than conversion price, number of Fresh Market shares equal to $1,000 divided by conversion price; otherwise, par
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Call: | At par if Fresh Market shares close at or above initial share price on any quarterly call date
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Initial share price: | $34.33
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Conversion price: | $29.18, 85% of initial share price
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Pricing date: | March 21
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Settlement date: | March 26
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Underwriters: | UBS Financial Services Inc. and Barclays
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Fees: | 1.5%
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Cusip: | 06742K766
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