By Laura Lutz
Des Moines, Oct. 31 - Barclays Bank plc priced a $1 million issue of 0% Buffered Super Track Notes due Oct. 31, 2012 linked to a basket of Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the MSCI Taiwan index, the MSCI Singapore Free index and the Nikkei 225 index.
If the basket level increases, the payout at maturity will be par plus 200% of any gain on the basket.
If the basket finishes below its initial level but never closes below the barrier level - 60% of the initial level - during the life of the notes, the payout will be par.
If the basket finishes below its initial level and closes below the barrier level on any day during the life of the notes, the payout will be par times the basket performance.
Barclays Capital will be the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track Notes
|
| Underlying indexes: | Equal weights of MSCI Taiwan, MSCI Singapore and Nikkei 225
|
| Amount: | $1 million
|
| Maturity: | Oct. 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain if basket increases; if basket finishes below initial level but never closes below barrier level, par; if basket finishes below initial level and closes below barrier level, par times basket performance
|
| Initial index levels: | 376.69 for MSCI Taiwan, 461.66 for MSCI Singapore and 16,505.63 for Nikkei 225
|
| Barrier level: | 60% of initial level
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 4%
|
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