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Barclays PLC — Capital/Financing Update 2011
Sep 9, 2011
5250_rns_2011-09-09_e48f1985-c3a1-426b-afb0-2151ea1dad55.pdf
Capital/Financing Update
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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.
Notice to Swiss Investors:
The Securities may not be publicly distributed in Switzerland. These Final Terms will not be dispatched, copied to or otherwise made available to, and the Securities may not be offered for sale to any person in Switzerland, except to Qualified Investors as defined in article 10 of CISA, i.e. to a) prudentially requlated financial intermediaries such as banks, securities dealers and fund management companies, b) regulated insurance institutions, c) public entities and retirement benefits institutions with professional treasury department, d) companies with professional treasury department, e) High-Net-Worth Individuals (as defined below) and f) investors who have concluded a written discretionary management agreement with a financial intermediary as defined under lit. a) or with an independent asset manager that complies with the requirements pursuant to Art. 6 para 2 of the Collective Investment Schemes Ordinance. A High-Net-Worth Individual is a private individual who confirms in writing at the time of the investment to own a minimum of Swiss Franc ("CHF") 2 million of financial investments, whether directly or indirectly.
This document is neither a prospectus according to Art 652a or Art 1156 of the Swiss Code of Obligations nor a simplified prospectus according to Art 5 of CISA.
The Securities do not constitute an investment in a collective investment scheme and are not subject to CISA, nor to the supervision of FINMA.
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 5 August 2011.
| Parties | |
|---|---|
| Issuer: | Barclays Bank PLC |
| (ii) NGN Form: | |
| (iii) Held under the NSS: | |
| (iv) CGN Form: | |
| $(v)$ CDIs: | |
| 6 | Trade Date: |
| Guarantor: | N/A |
| Manager: | Barclays Bank PLC |
| (iv) CGN Form: | |
| $(v)$ CDIs: | |
| 6 | Trade Date: |
| Determination Agent: | Barclays Bank PLC |
| $(v)$ CDIs: | |
| 6 | Trade Date: |
| Issue and Paying Agent: | The Bank of New York Mellon |
| Stabilising Manager:August 2011 | |
| 7 | |
| Registrar: | N/A |
| Italian Securities Agent: | N/A |
| CREST Agent:rice: | N/A |
| Paying Agents: | N/A |
| Transfer Agent: | N/A |
| Exchange Agent: | N/A |
| Additional Agents:ing to interest (if any) payable on the Securities | |
| 12 | Interest: |
| 13 | Interest Amount: |
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 AND FOR LISTING OF THE SECURITIES ON THE RELEVANT STOCK EXCHANGE, IF ANY, AS STATED HEREIN. 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" IN THE BASE PROSPECTUS.
| 1 | (i) Series: |
NX00051052 | |
|---|---|---|---|
| (ii) Tranche: | 1 | ||
| 2 | Currency: | United States dollar ("USD") | |
| 3 | Notes: | Applicable | |
| Aggregate Nominal Amount as at (i) the Issue Date: |
USD 5,000,000 | ||
| (ii) Specified Denomination: | USD 1,000 | N/A | |
| 20 | |||
| (iii) Minimum Tradable Amount: | N/A | ||
| (iv) Calculation Amount per Security as at the Issue Date: |
Specified Denomination | N/A | |
| 22 | Interest Payment Dates: | ||
| 4 | Certificates: | N/A | |
| 5 | Form: | ||
| Global/Definitive/Uncertificated (i) |
Global Bearer Securities:ethod of calculating |
||
| and dematerialised: | Permanent 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: 26 August 2011 |
||
| 7 | Issue Date:ber: | As defined in Condition 24 of the Base Conditions | |
| 28 | Terms relating to Cash Settled |
9 September 2011 | |
| 8 | Redemption Date: | December 2011, subject to adjustment 9 in accordance with the Business Day Convention. |
|
| 9 | Issue Price:lement Amount: |
100 per cent. of the Aggregate Nominal Amount | |
| 10 | Relevant Stock Exchange: | London Stock Exchange | |
| 11 | The following Relevant Annex(es) shall apply to the Securities: |
Commodity Linked AnnexCalculation Amount x min (100%; Performance) |
Where:
"Barrier" means 80 per cent of P | |
| | | | |
| | Provisions relating to interest (if any) payable on the Securities | | |
| 12 | Interest: | Applicable | |
| 13 | Interest Amount: | In respect of the Interest Payment Date, the Interest
Amount shall be equal to 5.65 per cent. of the
Calculation Amountation Date" means each Commodity Business Day during the Observation Period.
"Observation Period" means the period from but
| | | excluding the Strike Date to and including the
| |
| 14 | Interest Rate: | N/A | |
16 ISDA Determination: $N/A$
| 17 | Margin: | N/A |
|---|---|---|
| 18 | Minimum/Maximum Interest Rate: | N/A |
| 19 | Interest Commencement Date: | N/A |
| 20 | Interest Determination Date:ty Business Day during the Observation Period. |
"Observation Period" means the period from but
| | | excluding the Strike Date to and including the
| N/A |
| 21 | Interest Calculation Periods: Business Day during the Observation Period.
"Observation Period" means the period from but
| | | excluding the Strike Date to and including the
| N/A |
| 22 | Interest Payment Dates: | Redemption Date | excluding the Strike Date to and including the
|
| 23 | Day Count Fraction: | N/A |
| 24 | Fallback 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 | | excluding the Strike Date to and including the
| |
| 25 | Settlement Method: | (i) For the purposes of Condition 5.1 of the Base
Conditions: |
| | | Cash Settlement; and |
| | | (ii) For the purposes of Condition 5.3 of the Base
Conditions: |
| | | Cash Settlement |
| 26 | Settlement Currency: | USDmodity Price" means, for any Pricing
|
| 27 | Settlement Number: | As defined in Condition 24 of the Base Conditions |
| 28 | Terms relating to Cash Settled
Securities: | |
| | Final Cash Settlement Amount:
(i) | (A) If P Min24 of the Base Conditions | |
| | (iii) Early Cash Redemption Date: | As defined in Condition 24 of the Base Conditions | |
| 29 | Terms relating to Physically Delivered
is greater than or equal to Barrier then the
Final Cash Settlement Amount will be USD 1,000 per
Calculation Amount per Security | |
| | (iii) Early Cash Redemption Date: | As defined in Condition 24 of the Base Conditions | |
| 29 | Terms relating to Physically Delivered
|
(B) If PMin | Terms relating to Physically Delivered
is less than Barrier then the Final Cash Settlement Amount will be equal to:
Calculation Amount x min (100%; Performance)
Where:
"Barrier" means 80 per cent of Pinitial | (b) Optional Cash Redemption
.
"Performance" will be calculated in accordance with the following:
$$
\left[\frac{P_{\textit{Final}}}{P_{\textit{Initial}}}\right]
$$
"Observation Date" means each Commodity Business Day during the Observation Period.
"Observation Period" means the period from but
| excluding the Strike Date to and including the Valuation Date. |
|||
|---|---|---|---|
| "P Initial | N/A | ||
| 41 | " means the Relevant Commodity Price for the Relevant Commodity on the Strike Date, being 111.36. |
||
| "P Final | Applicable | ||
| (i) | Relevant Commodity, Commodity " means the Relevant Commodity Price for the Relevant Commodity on the Valuation Date. |
||
| "P Minbr> " means the lowest Relevant Commodity Price on any Observation Date. |
|||
| "Relevant Commodity Price" means, for any Pricing Date, the price of the Relevant Commodity determined with respect to that day for the specified Commodity Reference Price. |
|||
| "Strike Date" means 26 August 2011. | |||
| "Valuation Date" means 25 November 2011. | |||
| (ii) Early Cash Settlement Amount: | As defined in Condition 24 of the Base Conditions | ||
| (iii) Early Cash Redemption Date: | As defined in Condition 24 of the Base Conditions | ||
| 29 | Terms relating to Physically Delivered Securities: |
N/A | |
| 30 | Nominal Call Event: | Applicable | |
| Nominal Call Threshold Amount: (i) |
As defined in Condition 24 of the Base Conditions | ||
| Nominal Call Threshold Percentage: (ii) |
As defined in Condition 24 of the Base Conditions | ||
| (iii) Cash Settled Securities: | |||
| (a) Optional Cash Settlement Amount: |
As defined in Condition 24 of the Base Conditions | ||
| (b) Optional Cash Redemption Date: |
As defined in Condition 24 of the Base Conditions | ||
| (iv) Physically Delivered Securities: | N/A | ||
| (v) Issuer Notice Period: | As per Condition 5.3 of the Base Conditions | ||
| 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:r> | N/A | ||
|---|---|---|---|---|
| 37 | Index Linked Securities (Equity indices only): |
N/A | ||
| 38 | Inflation Linked Securities: | N/A | ||
| 44 | N/A | |||
| 39 | FX Linked Securities:s: | N/A | ||
| 40 | Credit Linked Securities: | |||
| 45 | Settlement in respect of VP Notes, APK |
N/A | ||
| 41 | Commodity Linked Securities:br> | Applicable | ||
| (i) | Relevant Commodity, Commodity Index, Basket of Commodities/Commodity Indices (including weighting of commodities/commodity indices) (each a "Reference Asset"): |
Relevant Commodity: Brent | ||
| (ii) | Commodity Reference Price: | |||
| 47 | (Bloomberg: OIL-BRENT-ICE FUTURES |
As defined in Condition 24 of the Base Conditions | ||
| 48 | CO 1 |
As defined in Condition 24 of the Base Conditions | ||
| 48 | ) |
As defined in Condition 24 of the Base Conditions | ||
| 48 | ||||
| (iii) | Price Source(s): | As per the Commodity Linked Annex | ||
| (iv) | Exchange(s): | N/A | ||
| (v) | Specified Price: | |||
| 49 | Non-US Selling Restrictions: | Applicable as set out in the Base Prospectus. | ||
| 50 | Applicable TEFRA exemption: | N/A | ||
| General | ||||
| 51 | Official Settlement Priceng Restrictions: | Applicable as set out in the Base Prospectus. | ||
| 50 | Applicable TEFRA exemption: | N/A | ||
| General | ||||
| 51 | ||||
| (vi) | Delivery Date: | First Nearby Month | ||
| Pricing Date: exemption: | N/A | |||
| General | ||||
| 51 | (vii) |
The Strike Date, each Observation Date, and the Valuation Date, as the case may be, subject to adjustment in accordance with the Commodity Business Day Convention |
||
| 51 | ||||
| Common Pricing: | ||||
| 51 | N/A | |||
| (viii) Commodity Market Disruption Events: |
As per the Commodity Linked Annex | |||
| Market Disruption οf Futures |
Euroclear | |||
| Clearstream | ||||
| 53 | If syndicated, names of Managers: | N/A | ||
| 54 | Details relating to Partly Paid connected Contract(s): |
N/A | ||
| Disruption Fallback(s): | As per the Commodity Linked Annex | |||
| Fallback Reference Price: | N/A | |||
| 54 | Details relating to Partly Paid |
N/A | ||
| Additional provisions for Trading Disruption: |
N/A | |||
| (ix) | Adjustments to Commodity Index: | As per the Commodity Linked Annex | ||
| (x) | Commodity Business Day | ISIN: XS0628129404 | ||
| ----- | --------------------------------------------------------------------------- | ------------------------ | -- | |
| Common Code: 062812940 | ||||
| 56 | Modifications Convention: |
Following | ||
| (xi) | US Commodities Restrictions: | N/A | ||
| 42 | (a) Barclays Capital Commodity Index | N/A |
| | Linked Securities (Section 2 of the
Barclays Capital Index Annex):---|------------------------|--|
| | | Common Code: 062812940 | |
| 56 | Modifications
| |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|
| | (b) Barclays Capital Equity Index N/A
Securities (Section 3 of the Barclays
Capital Index Annex): | |
| | (c) Barclays Capital FX Index Linked
Securities (Section 4 of the Barclays
Capital Index Annex): | N/A |
| | (d) Barclays Capital Interest Rate Index N/A
Linked Securities (Section 5 of the
Barclays Capital Index Annex):nal Conditions and/or N/A
| |
| | (e) Barclays Capital Emerging Market
Index Linked Securities (Section 6 of the
Barclays Capital Index Annex):ities: | | |
Part B Other Information
Listing and Admission to Trading $\mathbf{1}$
| (i) | Listing: | London |
|---|---|---|
| (ii) | Admission to trading: | Application is expected to be made by the Issuer |
| 43 | Bond Linked Securities: |
Part B Other Information
Listing and Admission to Trading $\mathbf{1}$
| (i) | Listing: | London |
|---|---|---|
| (ii) | Admission to trading: | Application is expected to be made by the Issuer |
| 44 | Fund Linked Securities: | |
| #### Listing and Admission to Trading $\mathbf{1}$ |
| (i) | Listing: | London |
|---|---|---|
| (ii) | Admission to trading: | Application is expected to be made by the Issuer |
| Provisions relating to Settlementting and Admission to Trading** $\mathbf{1}$ |
| (i) | Listing: | London |
|---|---|---|
| (ii) | Admission to trading: | Application is expected to be made by the Issuer |
| 45 | Settlement in respect of VP Notes, APK Registered Securities, Dutch Securities, Swedish Registered Securities, VPS Registered Securities Spanish or Securities: |
N/A |
| 46 | Additional provisions relating to Taxes N/A and Settlement Expenses: |
|
| Definitions | London | |
| ------- | ---------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| (ii) | Admission to trading: | Application is expected to be made by the Issuer |
| 47 | Business Day: | London |
| ------- | ---------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| (ii) | Admission to trading: | Application is expected to be made by the Issuer |
| 48 | Additional Business Centre(s):--------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| (ii) | Admission to trading: | Application is expected to be made by the Issuer |
| Selling restrictions and provisions relating to certification | ||
| 49 | Non-US Selling Restrictions: | Applicable as set out in the Base Prospectus. |
| 50 | Applicable TEFRA exemption: | N/A |
| General | ||
| 51 | Business Day Convention: | Modified Following |
| 52 | Relevant Clearing Systems: | Euroclear |
| Clearstream | ||
| 53 | If syndicated, names of Managers: | N/A |
| 54 | Details relating to Partly Paid (a) Securities: |
N/A |
| Details relating to Instalment (b) |
N/A |
Notes:
| 55 Relevant securities codes: | ISIN: XS0628129404 | ||
|---|---|---|---|
| Common Code: 062812940 | |||
| 56 | Modifications Master N/A the. to to |
||
| Subscription Agreement and/or Agency | |||
| Agreement: | |||
| .57 | Additional Conditions and/or N/A modification to the Conditions of the |
||
| Securities: |
Part B Other Information
Listing and Admission to Trading $\mathbf{1}$
| (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 |
$\overline{2}$ Ratings
Ratings:
The Securities have not been individually rated.
Notification $\overline{3}$
$N/A$
Interests of Natural and Legal Persons involved in the Offer $\overline{4}$
Save as discussed in "Purchase and Sale", so far as the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer.
5 Reasons for the Offer, Estimated Net Proceeds and Total Expenses
| (i) | Reasons for the offer: | General funding |
|---|---|---|
| (ii) Estimated net proceeds: | N/A |
(iii) Estimated total expenses: $N/A$
6 Fixed Rate Securities Only - Yield
| Indication of yield: | N/A | |
|---|---|---|
Floating Rate Securities Only - Historic Interest Rates $\overline{7}$
$N/A$
Performance of Reference Asset(s) or Other Variable, Explanation of Effect on Value of 8 Investment and Associated Risks and Other Information Concerning the Reference Asset(s) and/or Other Underlying
$N/A$
Performance of Rate of Exchange and Explanation of Effect on Value of Investment 9
$N/A$
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 $No$ allow Eurosystem eligibility:
11 Offer Information
The Issue Price includes a commission element shared with a third party, which will be no more than 0.5% of the Issue Price. Further details of the commission element are available upon request.
Barclays relies on and looks towards the intermediary to comply with the Swiss law obligation regarding retrocession and, when applicable, will disclose or forward any retrocession payment he receives from a Barclays entity to his client, unless the intermediary and his client have validly agreed otherwise. Since Barclays does not know the identity of the intermediary's client, it is impossible for Barclays to disclose such retrocession payments to the client of the intermediary. As a consequence thereof, the intermediary herewith undertakes to duly fulfil all legal requirements under Swiss law.