By Angela McDaniels
Tacoma, Wash., Dec. 29 - Barclays Bank plc priced $1.1 million of 0% buffered Super Track digital notes due June 29, 2012 linked to 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 13%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1.1 million
|
| Maturity: | June 29, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 13% if final index level is greater than or equal to initial level; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 792.35
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 30
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.1%
|
| Cusip: | 06740PS98
|
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