The investment objective of the Fund is to provide the Shareholders with exposure to the Structured Payout Strategy (the �Strategy�). The Strategy aims to generate a single payout linked to the performance of the FTSE 100 Index (the �Reference Index�) over an investment period with a maximum maturity of six years (the �Strategy Investment Period�). Based on the terms of the Strategy and the performance of the Reference Index during the Strategy Investment Period, the Strategy, and consequently the Fund, may terminate earlier than the Scheduled Maturity Date, as further described below.
Nick O'Donoghue (Started: Jan 4, 2011)
Barclays Bank PLC
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1 Churchill Place, London