Published on 11/24/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.56 million buffered Super Track notes on S&P 500
By Susanna Moon
Chicago, Nov. 24 - Barclays Bank plc priced $2.56 million of zero-coupon buffered Super Track notes due Nov. 27, 2015 based on the performance of the S&P 500 index, according to 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.36 times any index gain.
Investors will receive par if the index falls by up to 30% and will lose 1.4286% for each 1% decline beyond 30%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | S&P 500
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Amount: | $2,556,000
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Maturity: | Nov. 27, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 136% of any index gain; 1.4286% loss per 1% drop beyond 30%
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Initial price: | 1,197.84
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Pricing date: | Nov. 22
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Settlement date: | Nov. 26
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Agent: | Barclays Capital Inc.
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Fees: | 0.1%
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Cusip: | 06740PP59
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