Published on 12/12/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.5 million buffered Super Track notes on Asian indexes
By Susanna Moon
Chicago, Dec. 12 - Barclays Bank plc priced $1.5 million of 0% buffered Super Track notes due Dec. 14, 2017 linked to a basket of five equally weighted Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng China Enterprises index, the Korea Composite Stock Price Index 200, Hang Seng index, MSCI Taiwan Price index and MSCI Singapore Free Price index.
The payout at maturity will be par plus 1.2 times any basket gain.
Investors will receive par if the basket falls by up 25% and will be exposed to losses beyond 25%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying basket: | Hang Seng China Enterprises index, the Korea Composite Stock Price Index 200, Hang Seng index, MSCI Taiwan Price index and MSCI Singapore Free Price index, equally weighted
|
| Amount: | $1.5 million
|
| Maturity: | Dec. 14, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any basket gain; par if index falls by 25% or less; full exposure to losses if index falls below barrier
|
| Initial levels: | 10,993.90 for Hang Seng China, 259.03 for Kospi, 22,276.72 for Hang Seng, 275.14 for MSCI Taiwan and 353.47 for MSCI Singapore
|
| Barrier level: | 75% of the initial levels
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 13
|
| Agent: | Barclays
|
| Fees: | 2.25%
|
| Cusip: | 06741TLR6
|
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