By Marisa Wong
Madison, Wis., Jan. 25 - Barclays Bank plc priced $14.56 million of 0% trigger autocallable optimization securities due Jan. 27, 2012 linked to the common stock of Weatherford International Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus an annualized call return of 21.2% if Weatherford shares close at or above the initial share price on any of 12 monthly observation dates.
If the notes are not called and the final share price is greater than or equal to 70% of the initial price, the payout at maturity will be par. Otherwise, the payout will be par plus the stock return.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
Issuer: | Barclays Bank plc
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Issue: | Trigger autocallable optimization securities
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Underlying stock: | Weatherford International Ltd. (Symbol: WFT)
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Amount: | $14,555,540
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Maturity: | Jan. 27, 2012
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final share price is at or above trigger price, par; otherwise, par plus stock return
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Call: | Automatically at par plus annualized call return of 21.2% if shares close at or above initial price on any of 12 monthly observation dates
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Initial price: | $22.44
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Trigger price: | $15.71, 70% of initial price
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Pricing date: | Jan. 21
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Settlement date: | Jan. 26
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Underwriter: | UBS Financial Services Inc. and Barclays Capital Inc.
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Fees: | 1.25%
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Cusip: | 06741J406
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