Published on 12/31/2009 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million Super Track Notes linked to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Dec. 30 - Barclays Bank plc priced $1 million of 0% Super Track Notes due Jan. 31, 2011 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the exchange-traded fund's share price, subject to a maximum return of 14.65%. Investors will be exposed to any decline in the share price.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying ETF: | iShares MSCI EAFE index fund
|
| Amount: | $1 million
|
| Maturity: | Jan. 31, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, up to maximum return of 14.65%; exposure to any decline
|
| Initial share price: | $55.77
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.95%
|
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