Published on 9/27/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.6 million Super Track notes tied to S&P 500 index
By Jennifer Chiou
New York, Sept. 27 - Barclays Bank plc priced $1.6 million of 0% Super Track notes due Jan. 28, 2016 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 1.38 times the index return.
Investors will receive par if the index stays flat or falls by up to 30% and will be fully exposed to the decline if the index falls beyond 30%.
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
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Amount: | $1.6 million
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Maturity: | Jan. 28, 2016
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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 138% of index return; par if index stays flat or declines by up to 30%; full exposure to losses if index drops beyond 30%
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Initial level: | 1,441.59
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741TGA9
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