Published on 2/12/2007 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.585 million 0% Super Track notes linked to S&P 500
By Angela McDaniels
Seattle, Feb. 12 - Barclays Bank plc priced a $9.585 million offering of 0% Super Track notes due March 13, 2008 linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain on the index, subject to a maximum return of 15%. Investors will participate fully in any decline in the index.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track notes
|
| Underlying index: | S&P 500
|
| Amount: | $9.585 million
|
| Maturity: | March 13, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any gain on the index; full exposure to any index decline
|
| Initial index level: | 1,438.06
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 12
|
| Agent: | Barclays Capital Inc.
|
| Agent fees: | 1%
|
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