Published on 9/13/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $560,000 buffered Super Track notes linked to S&P MidCap 400
By Angela McDaniels
Tacoma, Wash., Sept. 13 - Barclays Bank plc priced $560,000 of 0% buffered Super Track Notes due March 14, 2012 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 20%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | S&P MidCap 400
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Amount: | $560,000
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Maturity: | March 14, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, up to maximum return of 20%; par if index declines by 15% or less; 1% loss for every 1% decline beyond 15%
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Initial index level: | 761.51
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Pricing date: | Sept. 9
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Settlement date: | Sept. 14
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06740PMY9
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