By Jennifer Chiou
New York, March 30 - Barclays Bank plc priced $2.7 million of Super Track digital notes due Oct. 3, 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 or equal to the initial level, the payout at maturity will be par plus the 16% digital percentage. Investors will receive par plus the 3% base percentage if the index declines by 25% or less and will share in any losses if the index declines beyond 25%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.7 million
|
| Maturity: | Oct. 3, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 16% if index finishes at or above initial level; par plus 3% if index declines by 25% or less; full exposure to losses if index declines beyond 25%
|
| Initial index level: | 821.77
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06738KCZ2
|
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