Canadian National Stock Exchange (CNSX)

Canadian National Stock Exchange (CNSX)

December 07, 2011 12:22 ET

CNSX: 2011-1203-Barclays Extendible Step-Up Deposit Notes, Series I-37 (BBP.DB.A)

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2011) - CNSX Markets (the "Exchange") has approved for listing Barclays PLC Extendible Step Up Deposit Notes, Series I-37 (the "Notes").

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 December 7, 2011 until on or about December 16, 2011. The Notes will trade "interest flat" during this period.

Trades during the period will settle on the Issue Date, December 21, 2011.

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 issue 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 December 21, 2011 to but excluding December 21, 2012 -- 4.20%

Interest Rate - December 21, 2012 to December 21, 2018 (subject to extension of the term of the Notes by the Company)

From and including December 21, 2012 to but excluding December 21, 2014 -- 4.20%
From and including December 21, 2014 to but excluding December 21, 2016 -- 4.50%
From and including December 21, 2016 to but excluding December 21, 2018 -- 5.00%

Principal Protection: 100%, if the Notes are held to the Maturity Date.

Payment at Maturity: The Principal Amount will be repaid on the Maturity Date.

Further details and the prospectus for the Notes will be available in the CNSX Listings Disclosure Hall.

If, As and When Issued Trading: Wednesday, December 7, 2011 up to December 16, 2011 (for settlement December 21, 2011)
Issue Date: December 21, 2011
Dealer: Stuart Investment Management Limited
Symbol: BBP.DB.A
CUSIP: 06739ZDD6
ISIN: CA06739ZDD65
Currency: CAD

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