Published on 3/30/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $275,000 buffered Super Track notes on S&P BRIC 40
By Jennifer Chiou
New York, March 30 - Barclays Bank plc priced $275,000 of 0% buffered Super Track notes due March 28, 2013 linked to the S&P BRIC 40 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 double the gain, capped at 15.25%. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | S&P BRIC 40
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Amount: | $275,000
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Maturity: | March 28, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 15.25%; par if index declines by 15% or less; 1% loss for every 1% decline beyond 15%
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Initial price: | 2,875.51
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | Barclays Capital Inc.
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Fees: | 2.2%
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Cusip: | 06738KDM0
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