By Susanna Moon
Chicago, July 11 - Barclays Bank plc priced $2 million of 0% Buffered Super Track notes due July 13, 2010 linked to the iShares MSCI EAFE index 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 23.5%.
If the fund price falls by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.
If the price falls by more than 50%, the payout will be cash of par minus the loss and 15%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $2 million
|
| Maturity: | July 13, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any fund gain, capped at 23.5% return; par if fund price falls by up to 15%; 1% loss for each 1% decline beyond 15%; if price falls by more than 50%, cash of par minus the loss and 15%
|
| Initial fund price: | $66.18
|
| Pricing date: | July 9
|
| Settlement date: | July 14
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.75%
|
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