E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/7/2010 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.9 million buffered Super Track notes on index, fund

By Jennifer Chiou

New York, Dec. 7 - Barclays Bank plc priced $1.9 million of 0% buffered Super Track notes due Dec. 8, 2015 linked to equal weights of the S&P 500 index and the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.115 times any basket gain.

Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying basket:S&P 500 index, iShares MSCI EAFE index fund, equally weighted
Amount:$1.9 million
Maturity:Dec. 8, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 111.5% any index gain; 1% loss per 1% drop beyond 20%
Initial levels:1,224.71 for S&P 500, $57.41 for iShares MSCI EAFE
Pricing date:Dec. 3
Settlement date:Dec. 8
Agent:Barclays Capital Inc.
Fees:3%
Cusip:06740PW28

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.