Published on 1/28/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $750,000 Super Track Notes linked to gold
By Susanna Moon
Chicago, Jan. 28 - Barclays Bank plc priced $750,000 of 0% Super Track Notes due March 2, 2011 based on 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 gain in the price of gold, up to a maximum return of 26%.
Investors will be exposed to any losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying commodity: | Gold
|
| Amount: | $750,000
|
| Maturity: | March 2, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain in gold price, capped at 26%; exposure to losses
|
| Initial price: | $1,093.25
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06740JQK9
|
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