By Toni Weeks
San Diego, Nov. 15 - Barclays Bank plc priced $1.58 million of 0% buffered Super Track notes due May 15, 2013 linked to the iShares Russell 2000 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus double the fund return, capped at a maximum return of 26.3%.
Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying fund: | iShares Russell 2000 index fund
|
| Amount: | $1,583,000
|
| Maturity: | May 15, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 26.3%; par for losses up to 15%; 1% loss per 1% drop beyond 15%
|
| Initial price: | $72.47
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KYF2
|
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