AI assistant
Barclays PLC — Capital/Financing Update 2010
Sep 21, 2010
5250_rns_2010-09-21_0fdb4d73-fb32-41c9-ba20-0e676b9f1b6a.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Final Terms
BARCLAYS BANK PLC
(Incorporated with limited liability in England and Wales)
BARCLAYS CAPITAL (CAYMAN) LIMITED
(Incorporated with limited liability in the Cayman Islands)
GLOBAL STRUCTURED SECURITIES PROGRAMME
for the issue of Securities
BARCLAYS BANK PLC
TRY 75,000,000 Fixed Rate Notes due September 2011
Series GSN27898
under the Global Structured Securities Programme
Issue Price: 100 per cent. of par
This document constitutes the final terms of the Notes (the "Final Terms") described herein for the purposes of Article 5.4 of the Directive 2003/71/EC and is prepared in connection with the Global Structured Securities Programme established by Barclays Bank PLC (the "Bank") and Barclays Capital (Cayman) Limited ("BCCL") and is supplemental to and should be read in conjunction with the Base Prospectus dated 6 August 2010, as supplemented and amended from time to time, which constitutes a base prospectus (the "Base Prospectus") for the purpose of the Directive 2003/71/EC. Full information on the Issuer and the offer of the Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing during normal business hours at the registered office of the Issuer and the specified office of the Issue and Paying Agent for the time being in London and copies may be obtained from such office. Words and expressions defined in the Base Prospectus and not defined in this document shall bear the same meanings when used herein.
The Issuer accepts responsibility for the information contained in these Final Terms. To the best of its knowledge and belief (having taken all reasonable care to ensure that such is the case) the information contained in these Final Terms is in accordance with the facts and does not contain anything likely to affect the import of such information.
Investors should refer to the sections headed "Risk Factors" in the Base Prospectus for a discussion of certain matters that should be considered when making a decision to invest in the Securities.
Barclays Capital
Final Terms dated 21 September 2010
The distribution of this document and the offer of the Securities in certain jurisdictions may be restricted by law. Persons into whose possession these Final Terms come are required by the Bank to inform themselves about and to observe any such restrictions. Details of selling restrictions for various jurisdictions are set out in "Purchase and Sale" in the Base Prospectus. In particular, the Securities have not been, and will not be, registered under the US Securities Act of 1933, as amended, and are subject to US tax law requirements. Trading in the Securities has not been approved by the US Commodity Futures Trading Commission under the US Commodity Exchange Act of 1936, as amended. Subject to certain exceptions, the Securities may not at any time be offered, sold or delivered in the United States or to US persons, nor may any US persons at any time trade or maintain a position in such Securities.
Part A
Terms and Conditions of the Securities
The Securities shall have the following terms and conditions, which shall complete, modify and/or amend the Base Conditions and/or any applicable Relevant Annex(es) set out in the Base Prospectus dated 6 August 2010.
| Parties | |
|---|---|
| Issuer: | Barclays Bank PLC |
| Guarantor: | N/A |
| Manager[s]: | Barclays Bank PLC |
| Determination Agent: | Barclays Bank PLC |
| Issue and Paying Agent: | The Bank of New York Mellon |
| Stabilising Manager: | N/A |
| Registrar: | N/A |
| CREST Agent: | N/A |
| Paying Agents: | N/A |
| Transfer Agent: | N/A |
| Exchange Agent: | N/A |
| Additional Agents: | N/A |
THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). SUBJECT TO CERTAIN EXCEPTIONS, THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT ("REGULATION S")). THESE FINAL TERMS HAVE BEEN PREPARED BY THE ISSUER FOR USE IN CONNECTION WITH THE OFFER AND SALE OF THE SECURITIES OUTSIDE THE UNITED STATES TO NON-US PERSONS IN RELIANCE ON REGULATION S. FOR A DESCRIPTION OF THESE AND CERTAIN FURTHER RESTRICTIONS ON OFFERS AND SALES OF THE SECURITIES AND DISTRIBUTION OF THESE FINAL TERMS AND THE BASE PROSPECTUS, SEE "PURCHASE AND SALE OF REGISTERED SECURITIES" IN THE PROSPECTUS.
EACH PURCHASER OF REGISTERED SECURITIES WILL BE DEEMED, BY ITS ACCEPTANCE OF PURCHASE OF ANY SUCH REGISTERED SECURITIES, TO HAVE MADE CERTAIN REPRESENTATIONS AND AGREEMENTS INTENDED TO RESTRICT THE RESALE OR OTHER TRANSFER OF SUCH REGISTERED SECURITIES AS SET OUT IN "TRANSFER RESTRICTIONS FOR REGISTERED SECURITIES".
THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE US SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION IN THE UNITED STATES OR ANY OTHER US REGULATORY AUTHORITY, AND NONE OF THE FOREGOING AUTHORITIES HAS PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OF SECURITIES OR THE ACCURACY OR THE ADEQUACY OF THESE FINAL TERMS OR THE BASE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.
NOTICE TO NEW HAMPSHIRE RESIDENTS
NEITHER THE FACT THAT A REGISTRATION STATEMENT OR AN APPLICATION FOR A LICENSE HAS BEEN FILED UNDER CHAPTER 421-B OF THE NEW HAMPSHIRE REVISED STATUTES WITH THE STATE OF NEW HAMPSHIRE NOR THE FACT THAT A SECURITY IS EFFECTIVELY REGISTERED OR A PERSON IS LICENSED IN THE STATE OF NEW HAMPSHIRE THAT ANY DOCUMENT FILED UNDER RSA 421-B IS TRUE, COMPLETE AND NOT MISLEADING. NEITHER ANY SUCH FACT NOR THE FACT THAT AN EXEMPTION IS AVAILABLE FOR A SECURITY OR A TRANSACTION MEANS THAT THE SECRETARY OF STATE HAS PASSED IN ANY WAY UPON THE MERITS OR QUALIFICATIONS OF, OR RECOMMENDED OR GIVEN APPROVAL TO, ANY PERSON SECURITY OR TRANSACTION. IT IS UNLAWFUL TO MAKE, OR CAUSE TO BE MADE, TO ANY PROSPECTIVE PURCHASER, CUSTOMER OR CLIENT ANY REPRESENTATION INCONSISTENT WITH THE PROVISIONS OF THIS PARAGRAPH
Provisions relating to the Securities
| 1 | Series: | GSN27898 | |||
|---|---|---|---|---|---|
| 2 | Currency: | Turkish Lira("TRY") | |||
| 3 | Notes: | Applicable | |||
| (i) Aggregate Nominal Amount as at the Issue Date: |
TRY 75,000,000 | ||||
| (ii) | Specified Denomination: | TRY 100,000 | |||
| (iii) | Calculation Amount per Security as at the Issue Date: |
Specified Denomination | |||
| 4 | Certificates: | N/A | |||
| 5 | Form: | ||||
| (i) | Global/Definitive/Uncertificated | Global Registered Securities: | |||
| and dematerialised: | Regulation S Global Security | ||||
| (ii) | NGN Form: | N/A | |||
| (iii) | Held under the NSS: | N/A | |||
| (iv) | CGN Form: | Applicable | |||
| (v) | CDIs: | N/A | |||
| 6 | Trade Date: | 15 September 2010 | |||
| 7 | Issue Date: | 21 September 2010 | |||
| 8 | Redemption Date: | 15 September 2011 ("Scheduled Redemption Date") subject to adjustment in accordance with the Business Day Convention |
|||
| 9 | Issue Price: | 100 per cent. of the Aggregate Nominal Amount | |||
| 10 | Relevant Stock Exchange[s]: | London Stock Exchange | |||
| 11 | The following Relevant Annex(es) shall apply to the Securities (specify each applicable Relevant Annex): |
N/A | |||
| Provisions relating to interest (if any) payable on the Securities | |||||
| 12 | Interest: | Applicable | |||
| 13 | Interest Amount: | As per Conditions 4 and 24 of the Base Conditions, subject to paragraph 24 |
|||
| 14 | Interest Rate[s]: | ||||
| (i) | Fixed Rate: | 7.25 per cent. per annum | |||
| (ii) | Floating Rate: | N/A | |||
| (iii) | Variable Rate: | N/A |
| (iv) | Zero Coupon: | N/A | |||
|---|---|---|---|---|---|
| (v) | Bond Linked Securities – Fixed Coupon: |
N/A | |||
| (vi) | Bond Linked Securities – Pass Through Interest: |
N/A | |||
| 15 | Screen Rate Determination: | N/A | |||
| 16 | ISDA Determination: | N/A | |||
| 17 | Margin: | N/A | |||
| 18 | Minimum/Maximum Interest Rate: | N/A | |||
| 19 | Interest Commencement Date: | Issue Date | |||
| 20 | Interest Determination Date: | N/A | |||
| 21 | Interest Calculation Periods: | As defined in Condition 24 of the Base Conditions | |||
| (i) | Interest Period End Dates: | The period from and including the Interest Commencement Date to but excluding the Scheduled Interest Payment Date |
|||
| (ii) | Interest calculation method for short or long Interest Calculation Periods: |
N/A | |||
| 22 | Interest Payment Dates: | The Scheduled Redemption Date ("Scheduled Interest Payment Date") subject to adjustment in accordance with the Business Day Convention |
|||
| 23 | Day Count Fraction: | Actual/Actual (ISMA) | |||
| 24 | Fall back provisions, rounding provisions, denominator and any other terms relating to the method of calculating interest, if different from those set out in the Base Conditions: |
N/A | |||
| Provisions relating to Redemption | |||||
| 25 | Settlement Method: | For the purposes of all Conditions, Cash Settlement | |||
| 26 | Settlement Currency: | TRY | |||
| 27 | Settlement Number: | As defined in Condition 24 of the Base Conditions | |||
| 28 | Securities: | Terms relating to Cash Settled | |||
| (i) | Final Cash Settlement Amount: | 100% per Calculation Amount per Security | |||
| (ii) | Early Cash Settlement Amount: | As defined in Condition 24 of the Base Conditions | |||
| (iii) | Early Cash Redemption Date: | The 3rd Buiness Day after the giving of the redemption |
| notice | by | on | or | behalf | of | the | Issuer | or | the |
|---|---|---|---|---|---|---|---|---|---|
| Determination Agent to the Securityholder |
| 29 | Terms relating to Physically Delivered Securities: |
N/A | |||
|---|---|---|---|---|---|
| 30 | Nominal Call Event: | N/A | |||
| 31 | Call Option: | N/A | |||
| 32 | Put Option: | N/A | |||
| 33 | Specified Early Redemption Event: | N/A | |||
| 34 | Maximum and Minimum Redemption Requirements: |
N/A | |||
| 35 | Additional Disruption Events in addition to those specified in Condition 24 of the Base Conditions and any applicable Relevant Annex: |
N/A | |||
| 36 | Share Linked Securities: | N/A | |||
| 37 | Index Linked Securities (Equity indices only): |
N/A | |||
| 38 | Inflation Linked Securities: | N/A | |||
| 39 | FX Linked Securities: | N/A | |||
| 40 | Credit Linked Securities: | N/A | |||
| 41 | Commodity Linked Securities: | N/A | |||
| 42 | Proprietary Index Linked Securities: | N/A | |||
| 43 | Bond Linked Securities: | N/A | |||
| 44 | Mutual Fund Linked Securities: | N/A | |||
| Provisions relating to Settlement | |||||
| 45 | Minimum Settlement Amount: | N/A | |||
| 46 | Settlement in respect of VP Notes, APK Registered Securities, Dutch Securities, Italian Securities, Swedish Registered Securities, VPS Registered Securities or Spanish Securities: |
N/A | |||
| 47 | Additional provisions relating to Taxes and Settlement Expenses: |
N/A | |||
| Definitions | |||||
| 48 | Business Day: | As defined in Condition 24 of the Base Conditions | |||
| 49 | Additional Business Centre(s): | New York | |||
| Selling restrictions and provisions relating to certification |
| 50 | Non-US Selling Restrictions: | As described in the Base Prospectus |
|---|---|---|
| 51 | Applicable TEFRA exemption: | N/A |
| General | ||
| 52 | Business Day Convention: | Following |
| 53 | Relevant Clearing System[s]: | Euroclear |
| Clearstream | ||
| 54 | If syndicated, names [and addresses] of Managers [and underwriting commitments]: |
N/A |
| 55 | Details relating to Partly Paid Securities: | N/A |
| 56 | Relevant securities codes: | ISIN: XS0543687635 |
| Common Code: 054368763 | ||
| 57 | Modifications to the Master Subscription Agreement and/or Agency Agreement: |
N/A |
| 58 | Additional Conditions and/or modification to the Conditions of the Securities: |
N/A |
Part B Other Information
| 1 | LISTING AND ADMISSION TO TRADING | |||||
|---|---|---|---|---|---|---|
| (i) | Listing | London | ||||
| (ii) | Admission to trading: | Application is expected to be made by the Issuer (or on its behalf) for the Securities to be admitted to trading on the London Stock Exchange's Regulated Market on or around the Issue Date |
||||
| (iii) | Estimate of total expenses related to admission to trading: |
GBP 300 | ||||
| 2 | RATINGS | |||||
| Ratings: | The Securities have not been individually rated. | |||||
| 3 | NOTIFICATION | |||||
| N/A | ||||||
| 4 | INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE | |||||
| N/A | ||||||
| 5 | REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES |
|||||
| N/A | ||||||
| 6 | FIXED RATE SECURITIES ONLY – YIELD |
|||||
| N/A | ||||||
- 7 FLOATING RATE SECURITIES ONLY - HISTORIC INTEREST RATES N/A
- 8 PERFORMANCE OF REFERENCE ASSET(S) OR OTHER VARIABLE, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION CONCERNING THE REFERENCE ASSET(S) AND/OR OTHER UNDERLYING
N/A
9 PERFORMANCE OF RATE[S] OF EXCHANGE AND EXPLANATION OF EFFECT ON VALUE OF INVESTMENT
N/A
10 OPERATIONAL INFORMATION
| Any clearing system(s) other than Euroclear | N/A |
|---|---|
| Bank S.A./N.V. and Clearstream Banking | |
| Société Anonyme (together with their | |
| addresses) and the relevant identification | |
| number(s): | |
| Delivery: | Delivery free of payment |
| Names and addresses of additional Paying | N/A |
| Agents(s) (if any): | |
| Intended to be held in a manner which would allow Eurosystem eligibility: |
No |
11 OFFER INFORMATION
N/A