Published on 1/28/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.34 million buffered Super Track digital notes on S&P 500
By Susanna Moon
Chicago, Jan. 28 - Barclays Bank plc priced $3.34 million of zero-coupon buffered Super Track digital notes due Jan. 31, 2013 based on the performance of the S&P 500 index, according to 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus a digital percentage of 10.5%.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,335,000
|
| Maturity: | Jan. 31, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10.5% if index gains; exposures to losses beyond 20%
|
| Initial price: | 1,296.63
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.2%
|
| Cusip: | 06741JAC3
|
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