By Jennifer Chiou
New York, April 26 - Barclays Bank plc priced $1 million of 0% buffered Super Track notes due April 25, 2013 linked to an index and index fund basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE index fund with a 15% weight, the SPDR S&P MidCap ETF Trust with an 8% weight, the iShares MSCI Emerging Markets index fund with a 4% weight and the iShares Russell 2000 index fund with a 3% weight.
The payout at maturity will be par plus 2.15 times any basket gain, up to a maximum return of 32.25%.
Investors will receive par if the basket falls by up to 20% and will be exposed to any drop beyond 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying basket: | S&P 500 index (70% weight), iShares MSCI EAFE index fund (15% weight), SPDR S&P MidCap ETF Trust (8% weight), iShares MSCI Emerging Markets index fund (4% weight) and iShares Russell 2000 index fund (3% weight)
|
| Amount: | $1 million
|
| Maturity: | April 25, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 215% of any basket gain, capped at 32.25%; exposure to losses beyond 20% basket drop
|
| Initial levels: | 1,208.67 for S&P; $56.04 for iShares MSCI EAFE; $152.63 for SPDR S&P MidCap ETF Trust; $42.82 for iShares MSCI EM; $73.38 for iShares Russell
|
| Pricing date: | April 22
|
| Settlement date: | April 27
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06740LPG4
|
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