By Marisa Wong
Madison, Wis., Jan. 12 - Barclays Bank plc plans to price 0% buffered Super Track digital notes due April 13, 2012 based on the performance of the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 12%. If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1.111% for each 1% index decline 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: | $7.4 million
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Maturity: | April 13, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 12% if final index level is greater than or equal to initial level; par if index falls by 10% or less; 1.111% loss for every 1% decline beyond 10%
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Initial index level: | 1,271.50
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Pricing date: | Jan. 10
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Settlement date: | Jan. 13
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Agent: | Barclays Capital Inc.
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Fees: | 1%
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Cusip: | 06741JBQ1
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