Published on 10/31/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.34 million buffered Super Track notes on Euro Stoxx
By Susanna Moon
Chicago, Oct. 31 - Barclays Bank plc priced $1.34 million of 0% Super Track notes due April 30, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 23.6%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $1.34 million
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Maturity: | April 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 23.6%; par if index falls by 10% or less; exposure to any losses beyond 10%
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Initial level: | 2,496.1
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agent: | Barclays
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Fees: | 2.5%
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Cusip: | 06741THR1
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