By Laura Lutz
Des Moines, Aug. 31 - Barclays Bank plc priced a $1 million issue of 0% Buffered Super Track Notes due Aug. 31, 2010 linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Dow Jones Euro Stoxx 50 index, the MSCI Singapore Free index, the Nikkei 225 index and the S&P 500 index.
If the final basket level is at least the initial level, the payout at maturity will be par plus 110% of any gain on the basket.
If the basket declines by up to 20%, the payout will be par. Investors will lose 1% for every 1% that the basket declines beyond 20%.
Barclays Capital Inc. will be the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track Notes
|
| Underlying indexes: | Equal weights of the Dow Jones Euro Stoxx 50 index, the MSCI Singapore Free index, the Nikkei 225 index and the S&P 500 index
|
| Amount: | $1 million
|
| Maturity: | Aug. 31, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 110% of gain if basket increases; par if basket is flat or declines by up to 20%; share in any losses beyond 20%
|
| Initial index levels: | 4,170.68 for Euro Stoxx 50; 412.09 for MSCI Singapore Free; 16,287.49 for Nikkei 225; 1,432.36 for S&P 500
|
| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 3%
|
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