Published on 12/8/2009 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.25 million Super Track Notes linked to gold
By Angela McDaniels
Tacoma, Wash., Dec. 8 - Barclays Bank plc priced $2.25 million of 0% Super Track Notes due Jan. 12, 2011 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the price of gold, subject to a maximum return of 28.2%. Investors will be exposed to any decline in the price of gold.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying commodity: | Gold
|
| Amount: | $2.25 million
|
| Maturity: | Jan. 12, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any increase in the price of gold, up to maximum return of 28.2%; exposure to any decline in the price of gold
|
| Initial gold price: | $1,142.50 per troy ounce
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 10
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
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