E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Buffered Super Track notes
Underlying index:S&P 500
Amount:$3.75 million
Maturity:March 21, 2011
Coupon:0%
Price:Par
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%
Initial index level:1,125.4
Pricing date:Sept. 17
Settlement date:Sept. 22
Agent:Barclays Capital Inc.
Fees:0.1%
Cusip:06740PVS2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.