Published on 10/28/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.5 million Buffered SuperTrack Digital Notes linked to S&P 500 index
By E. Janene Geiss
Philadelphia, Oct. 28 - Barclays Bank plc priced $1.5 million of 0% Buffered SuperTrack Digital Notes due Oct. 31, 2012 based on the S&P 500 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 11.25%. Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond 20%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack Digital Notes
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Underlying fund: S&P 500 index
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Amount: | $1.5 million
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Maturity: | Oct. 31, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 11.25% if the index gains; par if the index declines by 20% or less; exposure to losses beyond 20%
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Initial index level: | 1,185.64
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Pricing date: | Oct. 26
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Settlement date: | Oct. 29
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Agent: | Barclays Capital Inc.
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Fees: | 2.5%
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Cusip: | 06740P2L9
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