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Barclays plans buffered Super Track digital notes linked to S&P 500
By Marisa Wong
Madison, Wis., Feb. 3 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due Feb. 22, 2013 based on the performance of the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 11%.
If the index finishes at or above 85% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% index decline beyond 15%.
The notes (Cusip: 06738KAZ4) will price on Feb. 18 and settle on Feb. 24.
Barclays Capital Inc. is the agent.
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