Published on 9/21/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.75 million buffered Super Track notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 21 - Barclays Bank plc priced $3.75 million of 0% buffered Super Track notes due March 21, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, subject to a maximum return of 5.625%. Investors will receive par if the index 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 index: | S&P 500
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Amount: | $3.75 million
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Maturity: | March 21, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 5.625%; par if index declines by 10% or less; 1% loss for every 1% drop beyond 10%
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Initial index level: | 1,125.4
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Pricing date: | Sept. 17
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Settlement date: | Sept. 22
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Agent: | Barclays Capital Inc.
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Fees: | 0.1%
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Cusip: | 06740PVS2
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