By Toni Weeks
San Diego, June 13 - Barclays Bank plc priced $1 million of zero-coupon buffered Super Track notes due June 15, 2016 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $1 million
|
| Maturity: | June 15, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; 1% loss per 1% drop beyond 10%
|
| Initial index level: | 11,951.91
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3.2%
|
| Cusip: | 06738KLE9
|
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