Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Financial Select Sector SPDR fund > News item |
Barclays plans 18-month buffered Super Track notes linked to Financial Select Sector SPDR fund
By Angela McDaniels
Tacoma, Wash., July 28 - Barclays Bank plc plans to price 0% buffered Super Track notes due Feb. 28, 2012 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, subject to a maximum return of 16.25% to 21.25% that will be set at pricing. Investors will receive par if the fund declines by 10% or less and will lose 1% for each 1% that it declines beyond 10%.
The notes (Cusip: 06740PJB3) will price Aug. 26 and settle Aug. 31.
Barclays Capital Inc. is the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.