Published on 7/11/2007 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.11 million Super Track Notes linked to Euro Stoxx
By E. Janene Geiss
Philadelphia, July 11 - Barclays Bank plc priced a $9.11 million issue of 0% Super Track Notes due Aug. 8, 2008 linked to the Dow Jones Euro Stoxx 50, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of 22.5%. Investors will be fully exposed to any index decline.
Barclays Capital will be the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying asset: | Dow Jones Euro Stoxx 50
|
| Amount: | $9.11 million
|
| Maturity: | Aug. 8, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at 22.5% return; full exposure to any index decline
|
| Initial index level: | 4,528.76
|
| Pricing date: | July 9
|
| Settlement date: | July 12
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 1%
|
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