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 2/23/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.12 million buffered Super Track notes tied to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Feb. 23 - Barclays Bank plc priced $1.12 million of 0% buffered Super Track notes due Aug. 22, 2012 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any increase in the exchange-traded fund's share price, subject to a maximum return of 19.5%. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track notes
Underlying ETF:iShares MSCI EAFE index fund
Amount:$1.12 million
Maturity:Aug. 22, 2012
Coupon:0%
Price:Par
Payout at maturity:Par plus double any fund gain, capped at 19.5%; par if fund falls by 10% or less; 1% loss for each 1% decline beyond 10%
Initial fund level:$61.91
Pricing date:Feb. 18
Settlement date:Feb. 24
Agent:Barclays Capital Inc.
Fees:None
Cusip:06741JCG2

© 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.