By Jennifer Chiou
New York, Sept. 19 - Barclays Bank plc priced $5.7 million of 0% digital notes due March 20, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the digital percentage of 24.16%.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline beyond 30%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying index: | Russell 2000
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Amount: | $5.7 million
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Maturity: | March 20, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 24.16% if index finishes flat or positive; 1% loss per 1% drop beyond 30%
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Initial level: | 713.51
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Pricing date: | Sept. 15
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Settlement date: | Sept. 20
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Agent: | Barclays Capital Inc.
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Fees: | 2%
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Cusip: | 06738KVG3
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