Published on 9/28/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $270,000 buffered Super Track digital notes linked to Russell 2000
By Marisa Wong
Madison, Wis., Sept. 28 - Barclays Bank plc priced $270,000 of 0% buffered Super Track digital notes due March 29, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 21.75%. Investors will receive par if the index declines by 10% or less 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 digital notes
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Underlying index: | Russell 2000
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Amount: | $270,000
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Maturity: | March 29, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than initial level, par plus 21.75%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial index level: | 671.01
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Pricing date: | Sept. 24
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Settlement date: | Sept. 29
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06740PVJ2
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