By Toni Weeks
San Diego, March 20 - Barclays Bank plc priced $3.1 million of 9.5% autocallable yield notes due March 20, 2013 linked to the S&P 500 index, the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par plus accrued interest if any component closes at or above its initial level on three call valuation dates, which occur in June, September and December of 2012.
A knock-in event will occur if any component falls below the knock-in level, 65% of the initial level, on any trading day.
If a knock-in event does not occur, investors will receive par at maturity. If a knock-in event occurs and the return of the least-performing component is zero or positive, investors will receive par.
If a knock-in event occurs and the return of the least-performing component is negative, investors will share in those losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable yield notes
|
| Underlying components: | S&P 500 index, Russell 2000 index, Market Vectors Gold Miners ETF
|
| Amount: | $3.1 million
|
| Maturity: | March 20, 2013
|
| Coupon: | 9.5%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par, if a knock-in event does not occur or if it does occur but the return of the worst-performing component is at least zero; full exposure to losses if a knock-in event occurs and the return of the worst-performing component is negative
|
| Call: | At par if any component closes at or above initial level on the call valuation dates, which are June 21, Sept. 21, 2012 and Dec. 21, 2012
|
| Initial levels: | 1,404.17 for S&P, 830.18 for Russell, $49.93 for Gold Miners
|
| Knock-in levels: | 912.71 for S&P, 539.62 for Russell, $32.45 for Gold Miners; 65% of initial levels
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.35%
|
| Cusip: | 06738KV32
|
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