Published on 8/22/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.68 million buffered Super Track notes tied to S&P 500
By Marisa Wong
Madison, Wis., Aug. 22 - Barclays Bank plc priced $2.68 million of 0% buffered Super Track notes due Aug. 25, 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 1.25 times the gain, up to a maximum return of 36%.
Investors will receive par if the index falls by up to 19.04% and will lose 1.235178% for each 1% index decline beyond 19.04%.
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: | $2,675,000
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Maturity: | Aug. 25, 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 1.25 times gain, return capped at 36%; par if index stays flat or declines by up to 19.04%; 1.235178% loss for every 1% decline beyond buffer
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Initial level: | 1,652.35
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Pricing date: | Aug. 20
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Settlement date: | Aug. 23
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741TE78
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