By Jennifer Chiou
New York, June 25 - Barclays Bank plc priced $1.9 million of 0% buffered Super Track notes due June 26, 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 any index gain, up to a maximum return of 23%.
Investors will receive par if the falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.9 million
|
| Maturity: | June 26, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 23%; par if index falls by 15% or less; 1% loss per 1% decline beyond 15%
|
| Initial level: | 1,325.51
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06741TAT4
|
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