By Susanna Moon
Chicago, July 28 - Barclays Bank plc priced $4.08 million of 0% buffered return optimization securities due July 31, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.25 times any gain in the index, up to a maximum gain of 24.38%.
Investors will receive par if the index falls by up to 15% and will be exposed to any decline beyond 15%.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $4,080,620
|
| Maturity: | July 31, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 125% of index gain, capped at 24.38%; par for losses of 15% or less; exposure to losses beyond 15%
|
| Initial index level: | 824.83
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06741K221
|
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