Published on 3/19/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.14 million buffered Super Track digital notes linked to S&P 500
By Marisa Wong
Madison, Wis., March 19 - Barclays Bank plc priced $1.14 million of 0% buffered Super Track digital notes due Sept. 20, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus a digital return of 14.7%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track digital notes
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Underlying index: | S&P 500
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Amount: | $1,137,000
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Maturity: | Sept. 20, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index stays flat or gains, par plus 14.7%; par if index falls 10% or less; 1% loss per 1% drop beyond 10%
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Initial index level: | 1,402.60
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Pricing date: | March 15
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Settlement date: | March 20
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Agent: | Barclays Capital Inc.
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Fees: | 0.5%
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Cusip: | 06738KY39
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