By Jennifer Chiou
New York, June 27 - Barclays Bank plc priced a $1 million issue of 0% Super Track Notes due June 29, 2012 linked to Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the price increases, the payout at maturity will be par plus 150% of any gain on the value of Brent crude oil. If the price loses up to 25%, the payout will be par. Investors will lose 1% for each 1% that the price drops beyond 25%.
Barclays Capital will be the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track Notes
|
| Underlying asset: | Brent crude oil
|
| Amount: | $1 million
|
| Maturity: | June 29, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain on the price of Brent crude oil; par if the value loses up to 25%; investors lose 1% for each 1% that the price declines beyond 25%
|
| Initial price: | $70.17
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 4%
|
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