Published on 7/14/2008 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.38 million Super Track Notes linked to S&P 500
By Susanna Moon
Chicago, July 14 - Barclays Bank plc priced $5.38 million of 0% Super Track Notes due Aug. 14, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus quadruple any index gain, up to a maximum return of 20.28%. Investors will be exposed to any index decline.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,375,000
|
| Maturity: | Aug. 14, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 400% of any index gain, capped at 20.28%; exposure to losses
|
| Initial index level: | 1,228.44
|
| Pricing date: | July 11
|
| Settlement date: | July 16
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
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