By Susanna Moon
Chicago, Aug. 30 - Barclays Bank plc priced $1.28 million of 0% knock-in Super Track digital notes due Nov. 30, 2011 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the digital percentage of 16%.
Investors will receive par if the index falls by up to 25% and will share in all losses if index declines beyond 25%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Knock-in Super Track digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.28 million
|
| Maturity: | Nov. 30, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 16% if index gains; share in losses if index drops beyond 25%
|
| Initial level: | 1,047.22
|
| Knock-in barrier: | 785.41, 75% of the initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 1%
|
| Cusip: | 06740PKF2
|
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