By Toni Weeks
San Diego, Jan. 28 - Barclays Bank plc priced $1 million 0% Buffered Super Track notes due July 31, 2012 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus the gain in index multiplied by a leverage factor of 1.5, subject to a maximum return of 11.5%, or $1,115 for every $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Barclays Capital Inc. is the agent
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | iShares MSCI Emerging Markets
|
| Amount: | $1 million
|
| Maturity: | July 31, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, up to maximum return of 11.5%; exposure to any index decline beyond 10%
|
| Initial index level: | $46.99
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.1%
|
| Cusip: | 06740PZ25
|
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