By Jennifer Chiou
New York, June 19 - Barclays Bank plc priced $430,000 of 10.75% autocallable yield notes due June 19, 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 the components close at or above their initial level on any of the quarterly call valuation dates.
A knock-in event will occur if any component falls below the knock-in level, 60% 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 exchange-traded fund
|
| Amount: | $430,000
|
| Maturity: | June 19, 2013
|
| Coupon: | 10.75%, 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 components close at or above initial levels on any of the quarterly call valuation dates
|
| Initial levels: | 1,342.84 for S&P, 771.32 for Russell, $46.92 for Gold Miners
|
| Knock-in levels: | 805.70 for S&P, 462.79 for Russell, $28.15 for Gold Miners; 60% of initial levels
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.35%
|
| Cusip: | 06741TAG2
|
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