By Susanna Moon
Chicago, Nov. 17 - Barclays Bank plc priced $430,000 of 0% buffered Super Track digital notes due May 21, 2012 based on the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 18%.
Investors will receive par if the index 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
|
| Issue: | Buffered Super Track digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $430,000
|
| Maturity: | May 21, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 18% if index finishes at or above initial level; 1% loss per 1% drop beyond 10%
|
| Initial index level: | 705.34
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 19
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.6%
|
| Cusip: | 06740PE44
|
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