Published on 10/12/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $523,000 buffered Super Track notes on DJ-UBS Commodity
By Jennifer Chiou
New York, Oct. 12 - Barclays Bank plc priced $523,000 of 0% buffered Super Track notes due Oct. 12, 2012 linked to the Dow Jones-UBS Commodity index, according to a 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 19%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 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: | Dow Jones-UBS Commodity
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Amount: | $523,000
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Maturity: | Oct. 12, 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 19%; 1% loss for every 1% drop beyond 15%
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Initial index level: | 139.8925
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Pricing date: | Oct. 7
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Settlement date: | Oct. 13
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06740PWB8
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