Published on 5/29/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $500,000 buffered Super Track notes on Hang Seng China
By Susanna Moon
Chicago, May 29 - Barclays Bank plc priced $500,000 of 0% buffered Super Track notes due May 30, 2014 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 39.5%.
Investors will receive par if the falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Hang Seng China Enterprises
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Amount: | $500,000
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Maturity: | May 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 39.5%; par if index falls by 10% or less; 1% loss per 1% decline beyond 10%
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Initial level: | 9,541.33
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Pricing date: | May 24
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Settlement date: | May 30
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Agent: | Barclays Capital Inc.
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Fees: | 2%
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Cusip: | 06738K5D9
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