Published on 11/12/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $250,000 buffered Super Track notes on DJ-UBS Commodity
By Susanna Moon
Chicago, Nov. 12 - Barclays Bank plc priced $250,000 of 0% buffered Super Track notes due May 14, 2013 based on the performance of the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 15%.
Investors will receive par if the index falls by up to 15% and will be exposed to any decline beyond 15%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Dow Jones-UBS Commodity index
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Amount: | $250,000
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Maturity: | May 14, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 15%; exposure to losses beyond 15%
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Initial level: | 155.8740
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Pricing date: | Nov. 9
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Settlement date: | Nov. 15
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06740P2Y1
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