2012-0310 - Barclays S&P 500® Index Linked Booster Notes, Series 1 (BBE.DB.A)
March 30, 2012
The Issuer has extended the period of the if, as and when issued trading. Therefore the settlement date for such trades, the Issue Date, Maturity Date, and Valuation Date have all been revised. See Bulletin 2012-0403.
CNSX Markets (the "Exchange") has approved for listing Barclays S&P 500® Index Linked Booster Notes, Series 1(the "Notes").
The Notes distributed under prospectus and pricing supplement will be sold by the Dealer through a selling agent on the Exchange at the Issue Price. The Notes will be posted for trading on an "if, as and when issued" basis from April 2, 2012 until on or about April 5, 2012. Trades during the period will settle on the Issue Date, on or about April 11, 2012.
The purchaser of a Note will acquire a debt security linked to the performance of the Index (as defined below). The holders of the Notes (the “Noteholders”) have no ownership interest in and have no right to receive any of the securities included in the Index or any dividends or distributions payable on such securities.
Issuer: Barclays Bank PLC (“Company”)
Principal Amount: $100 per Note.
Subscription: $5,000 (50 Notes).
Maximum Offering: $10,000,000 (100,000 Notes).
Issue Price: $100 per Note.
No Principal Protection: The Notes do not guarantee any return of principal at maturity. A Noteholder will lose some or all the principal at maturity if the Index Return is less than 0%.
Issue Date: On or about April 11, 2012.
Reference Asset: S&P 500® Index (the “Index”).
Maturity Date: April 11, 2017.
Maturity Payment Date: The Maturity Payment Date will be the later of (i) the third Business Day following the Valuation Date, and (ii) the Maturity Date.
Valuation Date: April 6, 2017 (provided that if such date is not a Business Day, it will be postponed until the next Business Day).
Maturity Amount :
If the Index Return is greater than 30%, Noteholders of record on the Valuation Date will be entitled to receive on the Maturity Payment Date a cash payment equal to the Principal Amount of Notes held plus the product of (i) such Principal Amount and (ii) the Index Return. Under these circumstances, the payment at maturity per $100 Principal Amount will be calculated as follows: $100 + [$100 x Index Return]
If the Index Return is greater than or equal to 0% and less than or equal to 30%, Noteholders of record on the Valuation Date will be entitled to receive on the Maturity Payment Date a cash payment equal to the Principal Amount of Notes held plus the product of (i) such Principal Amount and (ii) 30%. Under these circumstances, the payment at maturity per $100 Principal Amount will be equal to $130.00.
If the Index Return is less than 0%, Noteholders of record on the Valuation Date will be entitled to receive on the Maturity Payment Date a cash payment equal to the Principal Amount of Notes held plus the product of (i) such Principal Amount and (ii) the Index Return. Under these circumstances, the payment at maturity per $100 Principal Amount will be calculated as follows: $100 + [$100 x Index Return]
As a result, if the Index Return is greater than -100%, a Noteholder will receive a cash payment that is less than the original $100 Principal Amount invested in the Notes, as the Principal Amount will be reduced by the actual Index Return (which will be a negative amount equal to the decline in the Index) and if the Index Return is equal to or less than -100%, the Noteholder will receive $0.
Further details and the prospectus for the Notes will be available in the CNSX Listings Disclosure Hall.
If, As and When Issued Trading: Monday, April 2, 2012 through on or about Thursday April 5, 2012 (for settlement on the Issue Date)
Issue Date: on or about April 11, 2012
Dealer: Stuart Investment Management Limited
Symbol: BBE.DB.A
CUSIP: 06739ZDL8
ISIN: CA06739ZDL81
Currency:CAD
If you have any questions or require further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail:[email protected]
