25.06.2012 Views

Barclays, Base Prospectus 2006

Barclays, Base Prospectus 2006

Barclays, Base Prospectus 2006

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

-7-<br />

the issuer of the underlying securities or an entity belonging to the group of the latter issuer, will be<br />

issued with a minimum denomination of Euro 1,000.<br />

Maturities<br />

Such maturities as may be agreed between the Issuer and the relevant Manager(s), subject to such<br />

minimum or maximum maturities as may be allowed or required from time to time by the relevant<br />

central bank (or equivalent body) or any laws or regulations applicable to the Issuer or the relevant<br />

specified currency, as stated in the relevant Final Terms.<br />

Issue Price<br />

Notes may be issued at an issue price which is at par or at a discount to, or premium over, par. The<br />

Issue Price may be more than the market value of each Note as at the date of the relevant Final Terms<br />

(as determined by reference to proprietary pricing models based upon well recognised financial<br />

principles used by <strong>Barclays</strong> Bank PLC). The Issue Price may include embedded commissions payable<br />

to the Manager(s) and/or a distributor or distributors.<br />

Form of Notes<br />

The Notes will be issued in bearer form. Definitive Notes will not be printed. Notes to which U.S.<br />

Treasury Regulation §1.163-5(c)(2)(i)(C) (the "TEFRA C Rules") applies ("TEFRA C Notes") will<br />

be represented permanently by a permanent global note in bearer form, without interest coupons, in a<br />

principal amount equal to the aggregate principal amount of such Notes/representing a number of<br />

Certificates equal to the total number of Certificates ("Permanent Global Note"). Notes to which U.S.<br />

Treasury Regulation §1.163-5(c)(2)(i)(D) (the "TEFRA D Rules") applies ("TEFRA D Notes") will<br />

always be represented initially by a temporary global note ("Temporary Global Note" and, together<br />

with the Permanent Global Note, each a "Global Note") which will be exchanged for Notes<br />

represented by one or more Permanent Global Note(s), in each case not earlier than 40 days and not<br />

later than 180 days after the completion of distribution of the Notes comprising the relevant Tranche<br />

upon certification of non U.S.-beneficial ownership in the form available from time to time at the<br />

specified office of the Fiscal Agent. Notes with an initial maturity of one year or less to which neither<br />

the TEFRA C Rules nor the TEFRA D Rules apply will always be represented by a Permanent Global<br />

Note. Each Global Note will bear the following legend: "Any United States person (as defined in the<br />

Internal Revenue Code) who holds this obligation will be subject to limitations under the United States<br />

income tax laws, including the limitations provided in Sections 165(j) and 1287(a) of the Internal<br />

Revenue Code. " The sections of the U.S. Internal Revenue Code referred to in the legend provide that<br />

a United States taxpayer, with certain exceptions, will not be permitted to deduct any loss, and will not<br />

be eligible for capital gains treatment with respect to any gain realised on any sale, exchange or<br />

redemption of Notes.<br />

Description of Notes<br />

Notes may be either interest bearing at fixed or floating rates or non-interest bearing, with principal<br />

repayable at a fixed amount or by reference to a formula, index or other parameter as may be agreed<br />

between the Issuer and the Manager(s) and as specified in the Final Terms.<br />

No Notes will be issued under the Programme which provide for payments (whether interest,<br />

redemption or otherwise) being linked to an underlying or underlyings which is/are solely or<br />

mainly actively managed by <strong>Barclays</strong> Bank PLC or any other material subsidiary of <strong>Barclays</strong><br />

Bank PLC, unless (i) in the case of Notes to be offered to the public in Germany, such underlying<br />

or underlyings is/are approved for an offer to the public in Germany or benefit(s) from an<br />

exemption from the requirement of a registration or other regulatory approval in Germany or<br />

(ii) the relevant Notes will not be offered to the public in Germany.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!