Published on 3/21/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.37 million buffered Super Track notes on S&P 500
By Jennifer Chiou
New York, March 21 - Barclays Bank plc priced $1.37 million of 0% buffered Super Track notes due Sept. 24, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 9.65%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | S&P 500 index
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Amount: | $1.37 million
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Maturity: | Sept. 24, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 9.65%; par if index falls by up to 10%; exposure to losses beyond buffer
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Initial level: | 1,552.10
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Buffer amount: | 10%
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Pricing date: | March 19
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Settlement date: | March 21
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Agent: | Barclays
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Fees: | 1.75%
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Cusip: | 06741TRH2
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