Published on 10/29/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million buffered Super Track notes linked to SPDR Gold Trust
By Jennifer Chiou
New York, Oct. 29 - Barclays Bank plc priced $1 million of 0% buffered Super Track notes due Dec. 2, 2013 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 1.5 times the fund return, subject to a maximum return of 14.25%.
Investors will receive par if the fund falls by up to 10% and will share fully in losses if the fund declines 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 fund: | SPDR Gold Trust
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Amount: | $1 million
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Maturity: | Dec. 2, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund return is positive, par plus 150% of fund return, capped at 14.25%; par if fund declines by up to 10%; full exposure to losses if fund declines beyond buffer
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Initial price: | $149.42
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Pricing date: | Oct. 25
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Settlement date: | Oct. 30
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Agent: | Barclays
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Fees: | 1%
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Cusip: | 06741TJL2
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