Published on 12/16/2008 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1 million Buffered Super Track Notes on iShares MSCI Emerging Markets
By Susanna Moon
Chicago, Dec. 16 - Barclays Bank plc priced $1 million of 0% Buffered Super Track Notes due Jan. 21, 2011 linked to iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus triple any share gain, up to a maximum return of 70.5%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered Super Track notes
|
Underlying fund: | iShares MSCI Emerging Markets index fund
|
Amount: | $1,001,000
|
Maturity: | Jan. 21, 2011
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple any fund gain, capped at 70.5%; par if shares fall by up to 10%; 1% loss for each 1% decline beyond 10%
|
Initial fund price: | $24.43
|
Pricing date: | Dec. 15
|
Settlement date: | Dec. 18
|
Agent: | Barclays Capital Inc.
|
Fees: | 1.5%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.