Published on 11/29/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.83 million Super Track notes linked to SPDR S&P MidCap 400 ETF
By Toni Weeks
San Diego, Nov. 29 - Barclays Bank plc priced $2.83 million of 0% Super Track notes due Nov. 28, 2014 linked to the SPDR S&P MidCap 400 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the exchange-traded fund's return is positive, the payout at maturity will be par plus double the ETF return, subject to a maximum return of 20%.
Investors will receive par if the fund stays flat or falls by up to 20% and will be fully exposed to losses from the initial price if it falls by more than 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying index: | SPDR S&P MidCap 400 ETF
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Amount: | $2.83 million
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Maturity: | Nov. 28, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is positive, par plus 200% of index return, capped at 20%; par if ETF stays flat or declines by up to 20%; 1% loss for every 1% decline from initial level if ETF falls more than 20%
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Initial price: | $180.01
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Barrier price: | $144.01, 80% of initial price
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06741TKD8
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