By Susanna Moon
Chicago, Jan. 29 - Barclays Bank plc priced $1.5 million of 0% Super Track Notes due Feb. 28, 2011 based on the SPDR Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 12.9%.
Investors will be exposed to any losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying fund: | SPDR Trust, Series 1
|
| Amount: | $1.5 million
|
| Maturity: | Feb. 28, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 12.9%; exposure to losses
|
| Initial index level: | $109.29
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1.95%
|
| Cusip: | 06740JGZ7
|
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