By Jennifer Chiou
New York, Jan. 29 - Barclays Bank plc priced a $1.5 million issue of 0% Super Track Notes due Feb. 28, 2011 linked to shares of the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is at least the initial price, the payout at maturity will be par plus 300% of any gain on the fund, capped at a maximum payout equal to 118.93% of par.
Investors will share in any losses.
Barclays Capital Inc. is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying shares: | Energy Select Sector SPDR fund
|
| Amount: | $1.5 million
|
| Maturity: | Feb. 28, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple the fund gain if final share price is at least initial price, capped at maximum return of 18.93%; investors will share in any losses
|
| Initial price: | $56.31
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 0.45%
|
| Cusip: | 06740JHF0
|
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