Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Barclays PLC Capital/Financing Update 2012

Nov 28, 2012

5250_rns_2012-11-28_7f9e5092-ab0f-40e7-8962-30893bc2ee6d.pdf

Capital/Financing Update

Open in viewer

Opens 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

EUR 3,470,000 Autocallable Notes due November 2017

under the Global Structured Securities Programme

Issue Price: 100.00% of par

This document constitutes the final terms of the Securities (the "Final Terms") described herein forthe purposes of Article 5.4 of Directive 2003/71/EC (the "Prospectus Directive") 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 14 June 2012, as supplemented and amended from time to time, which constitutes a base prospectus (the "Base Prospectus") for the purpose of the Prospectus Directive. 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 forthe 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

Final Terms dated 28 November 2012

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. 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 followingterms 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 14 June 2012.

Issuer: Barclays Bank PLC
Guarantor: N/A
Manager: 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
Italian Securities Agent: N/A
CREST Agent: N/A
Paying Agent: 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 ACTOF 1933, AS AMENDED (THE "SECURITIES ACT"). SUBJECT TOCERTAIN 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 TONON-US PERSONS IN RELIANCEON REGULATION S AND FOR LISTING OF THE SECURITIES ON THE RELEVANT STOCK EXCHANGE, IF ANY, AS STATED HEREIN. FOR A DESCRIPTIONOF THESE AND CERTAIN FURTHER RESTRICTIONSONOFFERS AND SALESOF THE SECURITIES AND DISTRIBUTION OF THESE FINAL TERMS AND THE BASE PROSPECTUS AND THE SUPPLEMENTAL PROSPECTUS SEE "PURCHASE AND SALE" IN THE BASE PROSPECTUS.

1 (i) Series: NX00110363
(ii) Tranche: 1
2 Currency: Euro ("EUR") (the "Issue Currency")
3 Notes: Applicable
(i) Aggregate Nominal Amount as at
the Issue Date:
EUR 3,470,000
(ii) Specified Denomination: EUR 1,000
(iii) Minimum Tradable Amount: EUR 1,000 (and EUR 1,000 thereafter)
(iv) Calculation Amount per Security
as at the Issue Date:
EUR 1,000
(v) Provisions relating to
redenomination:
N/A
4 Certificates: N/A
5 Form:
(i) Global / Definitive /Uncertificated Global Bearer Securities:
and dematerialised: Permanent Global Security
(ii) NGN Form: Applicable
(iii) Held under the NSS: N/A
(iv) CGN Form: N/A
(v) CDIs: N/A
6 Trade Date: 14 November 2012
7 Issue Date: 28 November 2012
8 Redemption Date: 28 November 2017
9 Issue Price: 100.00% of par
10 Relevant Stock Exchange(s): London
11 The following Relevant Annex(es) shall apply
to the Securities:
Equity Linked Annex
12 Interest: Applicable
13 Interest Amount: As per Conditions 4 and 24 of the Base
Conditions
14 Interest Rate(s):
(i) Fixed Rate: N/A
(ii) Floating Rate: N/A
(iii) Variable Rate: Provided that a Specified Early Redemption
Event has not occurred priorto the Interest
Valuation Date in respect of the relevant

Interest Payment Date, the Securityholder shall receive an amount determined by the Determination Agent in accordance with the following:

(i) If the Valuation Price on the relevant Interest Valuation Date is at or above the Interest Barrier:

3.40% x Calculation Amount + Y x 3.40% x Calculation Amount

(ii) Otherwise, zero.

Where:

"Interest Barrier" means EUR 1,978.2720 (calculated as 80.00% of the Initial Price and displayed to 4 d.p.).

"Initial Price" means the price of the Reference Asset at the Valuation Time on the Initial Valuation Date, being EUR 2,472.84.

"Initial Valuation Date" means 14 November 2012.

"Interest Valuation Date" means each date set out in the table below in the column entitled "Interest Valuation Dates".

Interest Valuation
Date(s)
Interest Payment
Date(s)
14 May 2013 29 May 2013
14 November 2013 28 November 2013
14 May 2014 29 May 2014
14 November 2014 28 November 2014
14 May 2015 29 May 2015
16 November 2015 30 November 2015
16 May 2016 31 May 2016
14 November 2016 28 November 2016
15 May 2017 30 May 2017
14 November 2017 28 November 2017

"Valuation Time" has the meaning set out in Paragraph 37.

"Y" means the number of previous Interest

Payment Dates for which no interest was paid (after which such Interest Payment Date(s) shall be considered to have had interest paid).

(iv) Zero Coupon: N/A
(v) Bond Linked Securities - Fixed
Coupon:
N/A
(vi) Bond Linked Securities - Pass Through N/A
Interest:
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: N/A
20 Interest Determination Date: N/A
21 Interest Calculation Periods: N/A
(i) Interest Period End Dates: N/A
(ii) Interest Calculation method for
short or long Interest Calculation
Periods:
N/A
22 Interest Payment Dates:
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
25 Settlement Method:
26 Settlement Currency: EUR
27 Settlement Number: Conditions
28 Terms relating to Cash Settled Securities: Applicable
(i) Final Cash Settlement Amount:

Each date set out in the table above in the column entitled "Interest Payment Dates".

For the purposes of Condition 5.1 and 5.5 of the Base Conditions: Cash Settlement

As defined in Condition 24 of the Base Conditions

In respect of each Security, an amount determined by the Determination Agent as follows:

If the Valuation Price on the Final Valuation Date is at or above the Strike (a) Price, a cash amount equal to the

Calculation Amount.

Otherwise, a cash amount equal to the Calculation Amount multiplied by the (b) Valuation Price on the Final Valuation Date and divided by the Strike Price.

Where:

"Final Valuation Date" means 14 November 2017.

"Strike Price" means EUR 1,978.2720 (calculated as 80.00% of the Initial Price and displayed to 4 d.p).

"Initial Price" means the price of the Reference Asset at the Valuation Time on the Initial Valuation Date, being EUR 2,472.84.

"Initial Valuation Date" means 14 November 2012.

"Valuation Price" means in respect of a Valuation Date and any relevant Scheduled Trading Day, the price of the Reference Asset at the Valuation Time on such day, as determined by the Determination Agent.

"Valuation Date" and "Valuation Time" have the meaning set out in Paragraph 37.

As defined in Condition 24 of the Base Conditions

As defined in Condition 24 of the Base Conditions

Terms relating to Physically Delivered N/A

(ii) Early Cash Settlement Amount:

(iii) Early Cash Redemption Date:

33 Specified Early Redemption Event:

Securities:

29

30 Nominal Call Event: N/A

31 Call Option: N/A

32 Put Option: N/A

Applicable

If the Valuation Price of the Reference Asset on any Autocall Valuation Date is at or above the Autocall Barrier, the Issuer shall notify the Securityholder upon the occurrence of such event and shall redeem all of the Securities (in whole only) early at the Specified Early Cash SettlementAmount on the Specified Early Cash Redemption

Date.

"Autocall Barrier" means EUR 2,472.8400, (calculated as 100.00% of the Initial Price and displayed to 4 d.p.).

"Autocall Valuation Date" means each date set out in the table below in the column entitled "Autocall Valuation Dates".

"Initial Price" means the price of the Reference Asset at the Valuation Time on the Initial Valuation Date.

Autocall Valuation
Date(s)
Specified Early Cash
Redemption Date(s)
14 November 2013 28 November 2013
14 May 2014 29 May 2014
14 November 2014 28 November 2014
14 May 2015 29 May 2015
16 November 2015 30 November 2015
16 May 2016 31 May 2016
14 November 2016 28 November 2016
15 May 2017 30 May 2017

"Initial Price" means the price of the Reference Asset at the Valuation Time on the Initial Valuation Date.

(i) Automatic Early Redemption: Applicable
(ii) Cash Settled Securities: Applicable
(a) Specified Early Cash Settlement
Amount:
100% x Calculation Amount
(b) Specified Early Cash Redemption
Date(s):
Each date set out in the table above in the
column
entitled
"Specified
Early
Cash
Redemption Dates".
(iii) Physically Delivered Securities: N/A
(iv) Specified Early Redemption Notice
Period:
5 Business Days
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:
(i) Affected Jurisdiction Hedging N/A

Disruption:

(ii) Affected Jurisdiction Increased Cost N/A
of Hedging:
  • (iii) Affected Jurisdiction: N/A
  • (iv) Other Additional Disruption Events: N/A
  • The following shall not constitute N/A Additional Disruption Events: (v)

36 Share Linked Securities: N/A

  • 37 Index Linked Securities: Applicable
  • Index/Indices (each a "Reference Asset"): (i) Euro Stoxx 50®
Index Index
Provided that the
Reference Asset
represents a
notional investment
in such Index with a
notional investment
size of one unit of
Reference Asset
Currency per index
point
Reference Asset
Currency
EUR
Reuters Code (for
identification
purposes only)
.STOXX50E
Bloomberg Code
(for identification
purposes only)
SX5E
Index Sponsor Stoxx Ltd.
(ii) Future Price Valuation: N/A
(iii) Exchange-traded Contract: N/A
(iv) Exchange(s): Multi-exchange Index
(v) Related Exchange(s): All Exchanges
(vi) Exchange Rate: N/A
(vii) Weighting for each Reference Asset
comprising the Basket of Reference
Assets:
N/A
(viii) Index Level of each Reference Asset: N/A
(ix) Valuation Date: (i) Initial Valuation Date;
(ii) Each Interest Valuation Date;
  • Each Autocall Valuation Date; and (iii)
  • Final Valuation Date (iv)
(x) Valuation Time: As per the Equity Linked Annex
(xi) Averaging: N/A
(xii) Additional Disruption Event in
respect of Index Linked Securities:
N/A
(xiii) FX Disruption Event: N/A
(xiv) FX Inbound Valuation Disruption
Event:
N/A
(xv) ODI Early Redemption Event: N/A
(xvi) FINI Early Redemption Event: N/A
(xvii) Local Jurisdiction Taxes and
Expenses:
N/A
(xviii) Other adjustments: 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 (a) Barclays Commodity Index Linked
Securities (Section 2 of the Barclays
Index Annex):
N/A
(b) Barclays Equity Index Linked
Securities (Section 3 of the Barclays
Index Annex):
N/A
(c) Barclays FX Index Linked Securities
(Section 4 of the Barclays Index
Annex):
N/A
(d) Barclays Interest Rate Index Linked
Securities (Section 5 of the Barclays
Index Annex):
N/A
(e) Barclays
Emerging
Market
Index
Linked Securities (Section 6 of the
Barclays Index Annex):
N/A
43 Bond Linked Securities: N/A
44 Fund Linked Securities: N/A
45 Settlement
Registered
in
respect
of
VP
Notes,
APK
Securities,
Dutch
Securities,
Swedish Registered Securities, VPS Registered
Securities or Spanish Securities:
N/A
  • Additional provisions relating to Taxes and N/A Settlement Expenses: 46
  • 47 Business Day:
  • 48 Additional Business Centre(s): London and TARGET
  • 49 Non-US Selling Restrictions:

As defined in Condition 24 of the Base Conditions

Investors are bound by the selling restrictions of the relevant jurisdiction(s) in which the Securities are to be sold as set out in the Base Prospectus.

In addition to those described in the Base Prospectus, no action has been made or will be taken by the Issuer that would permit a public offering of the Securities or possession or distribution of any offering material in relation to the Securities in any jurisdiction where action for that purpose is required. Each purchaser or distributor of the Securities represents and agrees that it will not purchase, offer, sell, re-sell or deliver the Securities or, have in its possession or distribute, the Base Prospectus, any other offering material or any Final Terms, in any jurisdiction except in compliance with the applicable laws and regulations of such jurisdiction and in a mannerthat will not impose any obligation on the Issuer or Manager (as the case may be) and the Determination Agent.

50 Applicable TEFRA exemption: N/A
51 Business Day Convention: Modified Following
52 Relevant Clearing System(s): Euroclear
Clearstream, Luxembourg
53 If syndicated, names of Managers: N/A
54 (a) Details
relating
to
Partly
Paid
Securities:
N/A
(b) Details relating to Instalment Notes: N/A
55 Relevant securities codes: ISIN: XS0833545774
Common Code: 83354577
56 Modifications to the Master Subscription
Agreement and/or Agency Agreement:
N/A
57 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 has been made by the Issuer
(or on its behalf) for the Securities to be
admitted to trading on the London Stock
Exchange on or around the Issue Date.
(iii) Estimate of total expenses related
to admission to trading:
Up to GBP 4,200 (excluding VAT)

2 Ratings

Ratings:

The Securities have not been individually rated.

3 Notification

N/A

4 Interests of Natural and Legal Persons involved in the Offer

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: EUR 3,470,000
(iii) Estimated total expenses: Up to GBP 4,200 (excluding VAT)

6 Fixed Rate Securities Only - Yield

Indication of yield: N/A

7 Floating Rate Securities Only - Historic Interest Rates

N/A

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 8

N/A

Performance of Rate(s) 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):

Names and addresses of additional Paying N/A Agents(s) (if any):

Intended to be held in a manner which would allow Eurosystem eligibility:

Delivery: Delivery free of payment

Yes.

Note that the designation "yes" simply means that the Securities are intended upon issue to be deposited with one of the International Central SecuritiesDepositaries ("ICSDs") as common safekeeper and does not necessarily mean that the Securities will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem, either upon issue or at any or all times during their life. Such recognition will depend upon the ECB being satisfied that the Eurosystem eligibility criteria have been met.

11 Offer Information

The Issue Price includes a commission element shared with a third party, which will be no more than 1.25% of the Issue Price. Further details of the commission element are available upon request.

Index Disclaimer

The EURO STOXX 50® and the trademarks used in the index name are the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors. The index is used under license from STOXX. The Securities based on the index are in no way sponsored, endorsed, sold or promoted by STOXX and/or its licensors and neither STOXX nor its licensors shall have any liability with respect thereto.