By Susanna Moon
Chicago, Feb. 13 - Barclays Bank plc priced $1 million of 0% buffered iSuperTrack Notes due May 14, 2009 linked to the common stock of Terex Corp., according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus 1½ times any gain in Terex's share price, up to a maximum return of 6.905%.
Investors will receive par if the stock falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
In each case, investors will also receive a supplemental amount of $12.50 per $1,000 principal amount of notes.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered iSuperTrack Notes
|
| Underlying stock: | Terex Corp. (Symbol: TEX)
|
| Amount: | $1 million
|
| Maturity: | May 14, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any share price gain, capped at 6.905%, including supplemental amount of $12.50 per $1,000 principal amount; par if the share price falls by 20% or less and 1% loss for every 1% decline beyond 20%
|
| Initial stock price: | $13.62
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 17
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.5%
|
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