By Jennifer Chiou
New York, Oct. 28 - Barclays Bank plc priced $1.09 million of Super Track digital notes due Nov. 3, 2011 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 11%. Investors will receive par plus the 2% additional coupon if the index declines by 30% or less and will share in any losses if the index declines beyond 30%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1.09 million
|
| Maturity: | Nov. 3, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 11% if index finishes at or above initial level; par plus 2% if index declines by 30% or less; full exposure to losses if index declines beyond 30%
|
| Initial index level: | 706.93
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 29
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06740P3F1
|
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