Published on 7/27/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.58 million buffered Super Track notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 27 - Barclays Bank plc priced $1.58 million of 0% buffered Super Track notes due July 30, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain. Investors will receive par if the index falls by 30% or less and will lose 1% for every 1% that it declines 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: | $1,575,000
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Maturity: | July 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index declines by 30% or less; 1% loss for every 1% decline beyond 30%
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Initial index level: | 1,115.01
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Pricing date: | July 26
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Settlement date: | July 28
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Agent: | Barclays Capital Inc.
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Fees: | 3.25%
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Cusip: | 06740PHM1
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