Published on 12/31/2009 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million principal-protected notes linked to S&P 500
By E. Janene Geiss
Philadelphia, Dec. 30 - Barclays Bank plc priced $1 million of zero-coupon 100% principal-protected notes due Dec. 31, 2015 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 the index return, subject to a maximum return of 58% and a floor of par.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | 100% principal-protected notes
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Underlying index: | S&P 500
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Amount: | $1 million
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Maturity: | Dec. 31, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return, subject to cap of 58% and floor of par
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Initial index level: | 1,127.78
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Agent: | Barclays Capital Inc.
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Fees: | 3.5%
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