Published on 6/29/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $250,000 buffered Super Track notes linked to iShares Russell 2000 fund
By E. Janene Geiss
Philadelphia, June 29 - Barclays Bank plc priced $250,000 of 0% buffered Super Track notes due Dec. 30, 2011 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, capped at 18%. Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline 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 fund: | iShares Russell 2000 index fund
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Amount: | $250,000
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Maturity: | Dec. 30, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any fund gain, capped at 18%; par if fund declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial price: | $64.66
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Barclays Capital Inc.
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Fees: | 2.1%
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Cusip: | 06740LXG5
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