TORONTO, Jan. 3, 2012 /CNW/ - CNSX Markets (the "Exchange") has approved
for listing Barclays PLC Extendible Step Up Deposit Notes, Series I-39
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 January 4, 2012 until on or about January 13, 2012.
The Notes will trade "interest flat" during this period.
Trades during the period will settle on the Issue Date, January 18,
The Notes are direct, unconditional, unsecured and unsubordinated debt
obligations of the Company.
The Global Medium-Term note program of the Company is rated "AA-" by
Standard & Poor's Rating Services and Aa3 by Moody's Investors Service,
Inc. On November 29, 2011, S&P announced that it had lowered its issuer
credit rating on long-term debt of the Company from AA- to A+ pursuant
to its revised bank rating criteria released on November 9, 2011. These
Notes will not be specifically rated by these rating agencies.
The Company will pay interest semi-annually during the term of the
Notes, calculated based on a 360 day year consisting of twelve 30 day
months. The initial term of the Notes will end on December 21, 2012,
the Initial Maturity Date. The Company may, at its option, on the
Initial Maturity Date and on each semi-annual Extended Maturity Date
thereafter on which the Notes are outstanding, extend the Maturity Date
of the Notes to the next subsequent Extended Maturity Date or to the
Final Maturity Date if applicable, at the interest rate below in
respect of the relevant Extension Period.
Interest Rate to the Initial Maturity Date
From and including January 18, 2012 to but excluding July 18, 2012 --
Interest Rate - July 18, 2012 to January 18, 2017 (subject to extension
of the term of the Notes by the Company)
From and including July 18, 2012 to but excluding January 18, 2015 --
From and including January 18, 2015 to but excluding January 18, 2017--
Principal Protection: 100%, if the Notes are held to the Maturity Date.
Payment at Maturity: The Principal Amount will be repaid on the Maturity
Further details and the prospectus for the Notes will be available in the CNSX Listings Disclosure Hall.
If, As and When Issued Trading: Tuesday, January 4, 2012 up to January
13, 2012 (for settlement January 18, 2012)
Issue Date: January 18, 2012
Dealer: Stuart Investment Management Limited
SOURCE Canadian National Stock Exchange (CNSX)
For further information:
Radhika at (416) 572-2000 X 2435 or E-mail: firstname.lastname@example.org