By Angela McDaniels
Tacoma, Wash., March 23 - Barclays Bank plc priced an additional $37.5 million principal amount of its 0% iPath Dow Jones - UBS Cotton Subindex Total Return exchange-traded notes due June 24, 2038, according to a 424B2 filing with the Securities and Exchange Commission.
The additional notes bring the issue size to $150 million.
The notes are putable at any time, subject to a minimum of 50,000 securities.
The payout at maturity or upon redemption will be par of $50 plus the index return minus the investor fee. The investor fee is initially zero and increases each day by an amount equal to 0.75% of par plus the index return on that day divided by 365.
The notes are listed on the NYSE Arca under the symbol "BAL."
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | iPath exchange-traded notes
|
| Underlying index: | Dow Jones - UBS Cotton Total Return
|
| Amount: | $150 million, increased from $25 million
|
| Maturity: | June 24, 2038
|
| Coupon: | 0%
|
| Price: | Par of $50
|
| Payout at maturity: | Par plus index return and minus investor fee, which is calculated daily and is equal to 0.75% of par plus index return divided by 365
|
| Put option: | At any time, with payout determined in same way as payout at maturity; minimum redemption requirement of 50,000 notes
|
| Pricing dates: | June 24, 2008 for original $25 million; March 18 for $25 million; March 21 for $25 million; March 23 for $37.5 million
|
| Settlement dates: | June 27, 2008 for $25 million; Oct. 21, 2009 for $12.5 million; Nov. 11 for $12.5 million; Feb. 9 for $12.5 million; March 21 for $25 million; March 22 for $25 million; March 24 for $37.5 million
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Listing: | NYSE Arca: BAL
|
| Cusip: | 06739H271
|
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