By Susanna Moon
Chicago, Jan. 31 - Barclays Bank plc priced $27.41 million of 0% Capped Leveraged Index Return Notes due Jan. 25, 2013 based on a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the MSCI World Market index with a 75% weight and the MSCI Emerging Markets index with a 25% weight.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
The payout at maturity will be par of $10.00 plus double any basket gain, up to a cap of $11.78 per note.
Investors will receive par if the basket falls by up to 10% and will be exposed to any decline beyond 10%.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying basket: | MSCI World Market index (75% weight) and MSCI Emerging Markets index (25% weight)
|
| Amount: | $27,408,210
|
| Maturity: | Jan. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 17.8%; exposure to losses beyond 10%
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 4
|
| Underwriter: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Fees: | 2%
|
| Cusip: | 06740C212
|
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