Published on 4/28/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $200,000 buffered Super Track notes linked to S&P 500
By Jennifer Chiou
New York, April 28 - Barclays Bank plc priced $200,000 of 0% buffered Super Track notes due April 30, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index gain, subject to a maximum return of 12%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered Super Track notes
|
Underlying index: S&P 500
|
Amount: | $200,000
|
Maturity: | April 30, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus double any index gain, subject to 12% maximum return; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
|
Initial price: | 1,347.24
|
Pricing date: | April 26
|
Settlement date: | April 29
|
Agent: | Barclays Capital Inc.
|
Fees: | 2.2%
|
Cusip: | 06738KGZ8
|
© 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.