By Marisa Wong
Madison, Wis., March 16 - Barclays Bank plc priced $3.55 million of 10% callable yield notes due Sept. 19, 2013 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par plus accrued interest on any interest payment date.
A knock-in event occurs if the final level of any index is less than 60% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par. If a knock-in event occurs, investors will receive par plus the return of the least-performing index.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable yield notes
|
| Underlying components: | Russell 2000 index, S&P 500 index, Euro Stoxx 50 index
|
| Amount: | $3.55 million
|
| Maturity: | Sept. 19, 2013
|
| Coupon: | 10%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If no index falls below knock-in level, par; otherwise, par plus return of least-performing index
|
| Call: | At par plus accrued interest on any interest payment date
|
| Initial levels: | 823.40 for Russell; 1,394.28 for S&P; 2,574.79 for Euro Stoxx
|
| Knock-in levels: | 494.04 for Russell; 836.57 for S&P; 1,544.87 for Euro Stoxx; 60% of initial levels
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.5%
|
| Cusip: | 06738KX97
|
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