By Toni Weeks
San Diego, May 29 - Barclays Bank plc priced $13.91 million of 0% Super Track notes due Nov. 29, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return of 18%.
Investors will receive par if the index stays flat or falls by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $13.91 million
|
| Maturity: | Nov. 29, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return, capped at 18%; par if index stays flat or declines by up to 15%; 1.1765% loss for every 1% decline beyond the 15% buffer
|
| Initial level: | 1,320.68
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.25%
|
| Cusip: | 06738K6G1
|
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