By Susanna Moon
Chicago, Jan. 28 - Barclays Bank plc priced $11 million of 0% Super Track Notes due March 3, 2011 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 24.4%.
Investors will be exposed to any losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying index: | S&P 500
|
| Amount: | $11 million
|
| Maturity: | March 3, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at a maximum return of 24.4%; exposure to losses
|
| Initial index level: | 1,097.50
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 1
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06740JSV3
|
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