Published on 9/5/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.75 million Super Track notes tied to S&P 500 index
By Toni Weeks
San Diego, Sept. 5 - Barclays Bank plc priced $6.75 million of 0% Super Track notes due Dec. 5, 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 1.5 times the index return, subject to a maximum return of 13.8%.
Investors will receive par if the index stays flat or falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying index: | S&P 500 index
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Amount: | $6.75 million
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Maturity: | Dec. 5, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index return; par if index stays flat or declines by up to 20%; 1.25% loss for every 1% decline beyond 20%
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Initial level: | 1,406.58
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Barrier level: | 1,125.26, 805 of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741TFR3
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