By Jennifer Chiou
New York, Dec. 31 - Barclays Bank plc priced $1.5 million of 0% Buffered Super Track notes due June 30, 2011 linked to the Financial Select Sector SDPR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is at least the initial level, the payout at maturity will be par plus triple any gain on the fund, up to a maximum return of 12%.
Investors will receive par for losses up to 20% and will share in losses beyond 20%.
Barclays Capital Inc. is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying fund: | Financial Select Sector SDPR fund
|
| Amount: | $1.5 million
|
| Maturity: | June 30, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Initial price: | $14.48
|
| Payout at maturity: | If final fund level is at least initial level, par plus triple any fund gain, capped at 12%; investors will receive par for losses up to 20% and will share in losses beyond 20%
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 2.1%
|
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