By Angela McDaniels
Tacoma, Wash., April 7 - Barclays Bank plc priced $498,000 of buffered iSuper Track notes due April 10, 2013 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay periodic amounts of $10 per note in January, April, July and October of each year.
The payout at maturity will be par plus any increase in the exchange-traded fund's share price, subject to a maximum return of 16%. Investors will receive par if the share price declines by 15% or less and will lose 1% for each 1% that it declines beyond 15%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered iSuper Track notes
|
| Underlying ETF: | iShares Dow Jones U.S. Real Estate index fund
|
| Amount: | $498,000
|
| Maturity: | April 10, 2013
|
| Coupon: | $10.00 per quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, up to maximum return of 16%; par if fund declines by 15% or less; 1% loss for each 1% decline beyond 15%
|
| Initial price: | $52.08
|
| Pricing date: | April 6
|
| Settlement date: | April 9
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06740LAJ4
|
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