Published on 5/6/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.96 million buffered Super Track digital notes linked to S&P 500
By Jennifer Chiou
New York, May 6 - Barclays Bank plc priced $1.96 million of 0% buffered Super Track digital notes due May 12, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 11.2%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track digital notes
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Underlying index: | S&P 500
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Amount: | $1,961,000
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Maturity: | May 12, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial level, par plus 11.2%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
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Initial index level: | 1,173.60
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Pricing date: | May 4
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Settlement date: | May 7
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Agent: | Barclays Capital Inc.
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Fees: | 0.05%
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Cusip: | 06740LQQ1
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