By E. Janene Geiss
Philadelphia, April 18 - Barclays Bank plc priced a $3 million issue of 0% Buffered Super Track Notes due Oct. 20, 2009 linked to shares of the iShares MSCI EAFE Index Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is at least the initial price, the payout at maturity will be par plus 1.15 times any gain on the fund, capped at a maximum payout equal to 28.75% of par.
If the share price declines by up to 10%, the payout will be par. Investors will lose 1% for every 1% that the share price declines beyond 10%.
Barclays Capital will be the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying shares: | MSCI EAFE Index Fund
|
| Amount: | $3 million
|
| Maturity: | Oct. 2, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is at least initial price, par plus 1.15 times of any fund gain, capped at payout equal to 28.75% of par; par if fund declines by up to 10%; share in any losses beyond 10%
|
| Initial price: | $73.17
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 0.375%
|
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