Published on 7/27/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $650,000 principal-protected notes linked to S&P BRIC 40
By Susanna Moon
Chicago, July 27 - Barclays Bank plc priced $650,000 of zero-coupon notes due July 28, 2016 based on the performance of the S&P BRIC 40 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 51%.
If the index falls, investors will receive par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | S&P BRIC 40
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Amount: | $650,000
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Maturity: | July 28, 2016
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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 51%; floor of par
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Initial index level: | 2,460.72
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Pricing date: | July 23
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Settlement date: | July 28
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Agent: | Barclays Capital Inc.
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Fees: | 5%
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Cusip: | 06740PBG0
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