Published on 11/2/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.86 million Super Track notes tied to S&P 500 index
By Marisa Wong
Madison, Wis., Nov. 2 - Barclays Bank plc priced $5.86 million of 0% Super Track notes due May 5, 2014 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 gain, subject to a maximum return of 18.5%.
Investors will receive par if the index stays flat or falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Super Track notes
|
Underlying index: | S&P 500
|
Amount: | $5,855,000
|
Maturity: | May 5, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 200% of gain, capped at 18.5%; par if index stays flat or falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
|
Initial level: | 1,412.16
|
Pricing date: | Oct. 31
|
Settlement date: | Nov. 5
|
Agent: | Barclays
|
Fees: | 0.05%
|
Cusip: | 06741TJW8
|
© 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.