By Angela McDaniels
Tacoma, Wash., Jan. 25 - Barclays Bank plc priced $10.53 million of 0% trigger autocallable optimization securities due Jan. 27, 2012 linked to the American Depositary Shares of Rio Tinto plc, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus an annualized call return of 21% if Rio Tinto ADSs close at or above the initial ADS price on any of 12 monthly observation dates.
If the notes are not called and the final ADS price is greater than or equal to 75% of the initial ADS price, the payout at maturity will be par. Otherwise, the payout will be par plus the ADS return.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying ADSs: | Rio Tinto plc (Symbol: RIO)
|
| Amount: | $10,532,020
|
| Maturity: | Jan. 27, 2012
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final ADS price is 75% or more of initial ADS price, par; otherwise, par plus ADS return
|
| Call: | Automatically at par plus annualized call return of 21% if ADSs close at or above initial ADS price on any of 12 monthly observation dates
|
| Initial ADS price | : | $68.20
|
| Trigger price: | $51.15, 75% of initial price
|
| Pricing date: | Jan. 21
|
| Settlement date: | Jan. 26
|
| Underwriter: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 1.25%
|
| Cusip: | 06741J307
|
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