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