Published on 4/29/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $500,000 buffered Super Track notes on iShares DJ U.S. Real Estate
By Jennifer Chiou
New York, April 29 - Barclays Bank plc priced $500,000 of 0% buffered Super Track notes due Oct. 31, 2011 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 16.25%. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying ETF: | iShares Dow Jones U.S. Real Estate index fund
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Amount: | $500,000
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Maturity: | Oct. 31, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any share price gain, up to maximum return of 16.25%; par if share price falls by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial share price: | $52.34
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | Barclays Capital Inc.
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Fees: | 2.1%
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Cusip: | 06740LDE2
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