E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/30/2012 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $310,000 buffered Super Track notes linked to real estate ETF

By Angela McDaniels

Tacoma, Wash., May 30 - Barclays Bank plc priced $310,000 of 0% buffered Super Track notes due May 29, 2015 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the exchange-traded fund's final share price is greater than the initial share price, the payout at maturity will be par plus 1.1 times the fund return, subject to a maximum return of 50%. Investors will receive par if the ETF falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying ETF:iShares Dow Jones U.S. Real Estate index fund
Amount:$310,000
Maturity:May 29, 2015
Coupon:0%
Price:Par
Payout at maturity:If fund return is positive, par plus 1.1 times fund return, up to maximum return of 50%; par if fund declines by up to 20%; 1% loss for every 1% decline beyond the 20% buffer
Initial share price:$61.45
Pricing date:May 25
Settlement date:May 31
Agent:Barclays Capital Inc.
Fees:1.2%
Cusip:06738K5F4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.