By Angela McDaniels
Tacoma, Wash., June 22 - Barclays Bank plc priced $1 million of 0% Buffered Super Track Notes due June 23, 2011 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price of the exchange-traded fund is greater than the initial price, the payout at maturity will be par plus 1.5 times the gain, subject to a maximum return of 36.375%. Investors will receive par if the share price declines by 20% or less and will lose 1% for every 1% decline beyond 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track Notes
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $1 million
|
| Maturity: | June 23, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any share price gain, up to maximum return of 36.375%; par if share price declines by 20% or less; 1% loss for every 1% decline beyond 20%
|
| Initial share price: | $31.75
|
| Pricing date: | June 19
|
| Settlement date: | June 24
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.5%
|
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