By Susanna Moon
Chicago, Dec. 19 - Barclays Bank plc priced $3 million of 0% Buffered Super Track notes due Dec. 23, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus double any index gain, up to a maximum return of 45%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | S&P 500
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Amount: | $3 million
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Maturity: | Dec. 23, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 45%; par if index falls by up to 20%; 1.25% loss for each 1% decline beyond 20%
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Initial index level: | 885.28
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Pricing date: | Dec. 18
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Settlement date: | Dec. 23
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Agent: | Barclays Capital Inc.
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Fees: | None
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