Published on 1/22/2007 in the Prospect News Structured Products Daily.
New Issue: Barclay prices $9.35 million Super Track Notes linked to Euro Stoxx, FTSE/Xinhua
By Angela McDaniels
Seattle, Jan. 22 - Barclays Bank plc priced a $9.35 million issue of 0% Super Track Notes due July 24, 2008 linked to equal weights of the Dow Jones Euro Stoxx 50 and FTSE/Xinhua 25 indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain on the basket, capped at a maximum return of 34.5%. Investors will participate fully in any decline in the index.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying basket: | Dow Jones Euro Stoxx 50 and FTSE/Xinhua 25 indexes, equally weighted
|
| Amount: | $9.35 million
|
| Maturity: | July 24, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain on the basket; full exposure to any basket decline
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agent: | Barclays Capital Inc.
|
| Agent fees: | 1.5%
|
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