New Issue: Barclays prices $2.9 million buffered Super Track digital notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., March 23 - Barclays Bank plc priced $2.9 million of 0% buffered Super Track digital notes due Sept. 26, 2011 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of the exchange-traded fund is greater than or equal to the initial price, the payout at maturity will be par plus 20.5%. Investors will receive par if the share price declines by 20% or less and will lose 1% for every 1% decline beyond 20%.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered Super Track digital notes
Underlying ETF:	iShares MSCI EAFE index fund
Amount:	$2.9 million
Maturity:	Sept. 26, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to initial price, par plus 20.5%; if share price declines by 20% or less, par; 1% loss for every 1% decline beyond 20%
Initial share price:	$55.37
Pricing date:	March 19
Settlement date:	March 24
Agent:	Barclays Capital Inc.
Fees:	0.1%
Cusip:	06740LAY1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.