Published on 6/12/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.5 million buffered Super Track notes tied to S&P 500
By Susanna Moon
Chicago, June 12 - Barclays Bank plc priced $1.5 million of 0% buffered Super Track notes due Dec. 15, 2015 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, up to a maximum return of 20%.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
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: | $1.5 million
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Maturity: | Dec. 15, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 20%; par if index falls by up to 15%; exposure to losses beyond 15%
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Initial level: | 1,642.81
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Pricing date: | June 10
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Settlement date: | June 13
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Agent: | Barclays
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Fees: | 0.625%
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Cusip: | 06741TXH5
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