By Toni Weeks
San Diego, Feb. 23 - Barclays Bank plc priced $2 million 0% notes due Feb. 22, 2013 linked to the S&P BRIC 40 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payment at maturity will be par plus the index return, subject to a maximum return of 22%, or $1,220 for every $1,000 principal amount.
If the index return is greater than negative 20% and less than or equal to 0%, investors will receive par plus the index return.
If the index return is less than or equal to negative 20%, investors will receive 80% of the principal of their notes.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Global medium-term notes, series A
|
| Underlying index: | S&P BRIC 40 index
|
| Amount: | $2 million
|
| Maturity: | Feb. 22, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return, subject to a maximum return of 22%; if the index return is greater than negative 20% but less than 0%, par plus the index return; if the index return is less than or equal to negative 20%, 80% of par
|
| Initial index level: | 2,786.15
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 24
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06738KCK5
|
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