By Susanna Moon
Chicago, June 17 - Barclays Bank plc priced $1 million of 0% Buffered Super Track notes due July 16, 2009 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus double any fund gain, up to a maximum return of 22.5%.
If the fund price falls by up to 10%, the payout will be par. Investors 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: | Financial Select Sector SPDR fund
|
| Amount: | $1 million
|
| Maturity: | July 16, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any fund gain, capped at maximum return of 22.5%; par if fund price falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial fund price: | $23.38
|
| Pricing date: | June 13
|
| Settlement date: | June 18
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.5%
|
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