By Susanna Moon
Chicago, Feb. 26 - Barclays Bank plc priced $1 million of 0% Super Track Notes due March 28, 2011 based on the Energy Select Sector SPDR fund, 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 20.15%.
Investors will be exposed to any losses.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track Notes
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $1 million
|
| Maturity: | March 28, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain, capped at 20.15%; exposure to losses
|
| Initial fund level: | $55.61
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.45%
|
| Cusip: | 06740JVL1
|
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