Published on 4/29/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.1 million buffered Super Track notes on S&P 500
By Marisa Wong
Madison, Wis., April 29 - Barclays Bank plc priced $4.1 million of 0% buffered Super Track notes due July 7, 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 1.5 times any index gain, capped at 8%.
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: | $4.1 million
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Maturity: | July 7, 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 8%; par if index falls by up to 10%; exposure to losses beyond buffer
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Initial level: | 1,582.24
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Pricing date: | April 26
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Settlement date: | May 1
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Agent: | Barclays
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Fees: | 0.25%
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Cusip: | 06741TTX5
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