Published on 2/26/2008 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.5 million 0% buffered Super Track notes linked to Exxon Mobil
By Jennifer Chiou
New York, Feb. 26 - Barclays Bank plc priced $1.5 million of 0% buffered Super Track notes due Nov. 26, 2008 linked to Exxon Mobil Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus double any percentage gain in Exxon Mobil stock, capped at 17.5%. Investors will receive par for losses up to 5% and will share in losses beyond 5%.
Barclays Capital is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying stock: | Exxon Mobil Corp. (Symbol: XOM)
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Amount: | $1.5 million
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Maturity: | Nov. 26, 2008
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any percentage gain in Exxon Mobil stock, capped at 17.5%; investors will receive par for losses up to 5% and will share in losses beyond 5%
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Initial price: | $87.17
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Pricing date: | Feb. 22
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Settlement date: | Feb. 29
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Agent: | Barclays Capital
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Fees: | 1.25%
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