Published on 8/11/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $714,000 buffered Super Track Notes tied to S&P GSCI Excess Return
By Marisa Wong
Madison, Aug. 11 - Barclays Bank plc priced $714,000 of zero-coupon buffered Super Track notes due Aug. 14, 2012 linked to the performance of the S&P GSCI Excess Return index, according to 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 34%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 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 GSCI Excess Return
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Amount: | $714,000
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Maturity: | Aug. 14, 2012
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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 34%; 1% loss per 1% drop beyond 15%
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Initial level: | 421.4862
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Pricing date: | Aug. 9
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Settlement date: | Aug. 12
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Agent: | Barclays Capital Inc.
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Fees: | 0%
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Cusip: | 06740PHC3
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