By Susanna Moon
Chicago, July 12 - Barclays Bank plc priced $2.83 million of zero-coupon callable Super Track notes due July 13, 2012 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain. Investors will receive par if the index falls by up to 30% and will be fully exposed to the decline if it falls beyond 30%.
The notes are callable on July 14, 2011 at 111.75% of par.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable Super Track notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2.83 million
|
| Maturity: | July 13, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain; exposure to losses if index declines beyond 30%
|
| Call option: | On July 14, 2011 at 111.75
|
| Initial level: | 1,070.25
|
| Pricing date: | July 8
|
| Settlement date: | July 13
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2%
|
| Cusip: | 06740PCJ3
|
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