The returns set forth in the formula above reflect the performance of each basketĬomponent, expressed as a percentage, from the initial price on the pricing date for the basket component to the final price for the basket component on the applicable review date, calculated as follows: The closing basket level on the final review date.įor each review date, the closing basket level will be calculated as follows:ġ00 x The performance of the basket from the initial basket level to the final basket level, calculated as follows:įinal Basket Level Initial Basket Level Will lose some or all of your investment at maturity if the final basket level declines from the initial basket level by more than 15%. Accordingly, your payment per $1,000 principal amount Note will be calculated as follows: If the final basket level has declined from the initial basket levelīy more than 15%, you will lose 1.1765% of the principal amount of your Notes for every 1% that the final basket level declines beyond 15%. If the final basket level has declined by up to 15% from the initial basket level, you will receive the principal amount of your Notes at maturity. If the Notes are not called and a mandatory redemption is not triggered, your principal is protected at maturity against up to a 15%ĭecline of the reference asset. at least 18.90%* x $1,000 if called on the final review dateĪpplicable to the first, second, third, fourth, fifth and final review dates will be determined on the pricing date but will not be less than 3.15%, 6.30%, 9.45%, 12.60%, 15.75% and 18.90%, respectively. $1,000 if called on the fifth review date at least 12.60%* x $1,000 if called on the fourth review date $1,000 if called on the third review date at least 6.30%* x $1,000 if called on the second review date $1,000 if called on the first review date
Will vary depending on the applicable review date and call premium.įor every $1,000 principal amount Note, you will receive one payment of $1,000 plus a call premium calculated as follows: On any review date, if the closing basket level is greater than or equal to the applicable call level, the Notes will be automatically called for a cash payment per Note that Palladium, as described under Reference Assets≼ommoditiesSettlement Price in the prospectus Platinum, as described under Reference Assets≼ommoditiesSettlement Price in the prospectus supplement.
Terms used in this free writing prospectus, but not defined herein, shall have the meanings ascribed to them in the prospectus supplement.Ī basket comprised of the following commodities (each a basket component, and together, the basket components) in weighted Issue on or about May 7, 2010 2 (the settlement The Notes are expected to price on or about April 30,Ģ010 2 (the pricing date) and are expected to Minimum denominations of $10,000 and integral multiples of $1,000 in excess thereof. Senior unsecured obligations of Barclays Bank PLC maturing November 7, The first review date, and therefore the earliest call date, is July 30, 2010. Investors in the Notes should be willing to accept this risk of loss and be willing to forgo interest in exchange for the opportunity to receive a premium payment if the Notes are called. Reference asset declines by more than 15%. If the Notes are not called, investors are protected at maturity against up to a 15% decline of the reference asset on the final review date but will lose some or all of their principal if the Level on any of the six quarterly review dates. The Notes are designed for investors who seek early exit prior to maturity at a premium if the closing basket level is at or above the applicable call Quarterly Review Notes due November 7, 2011 The Prospectus Supplement dated March 1, 2010) You will receive a personal response from one of our team members within 24 hours.The Prospectus dated February 10, 2009 and Synder can create custom spiral wound elements and provide membrane development services for specific application processes upon request.