New Issue: Barclays prices $1.45 million Buffered Super Track notes linked to S&P 500

By Susanna Moon

Chicago, July 18 - Barclays Bank plc priced $1.45 million of 0% Buffered Super Track notes due July 20, 2011 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 40%.

If the index falls by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered Super Track notes
Underlying index:	S&P 500
Amount:	$1,448,000
Maturity:	July 20, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 40%; par if index falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial index level:	1,245.36
Pricing date:	July 16
Settlement date:	July 21
Agent:	Barclays Capital Inc.
Fees:	1.75%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.