Published on 2/25/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.36 million capped market plus notes linked to S&P 500
By E. Janene Geiss
Philadelphia, Feb. 25 - Barclays Bank plc priced $1.36 million of 0% capped market plus notes due Feb. 27, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is less than 75% of the initial price, the payout at maturity will be par plus the index return. Otherwise, the payout will be par plus the index return, subject to a minimum return of 12.8% and a maximum return of 15%.
Barclays Capital is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped market plus notes
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Underlying index: | S&P 500 index
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Amount: | $1,335,000
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Maturity: | Feb. 27, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is less than 75% of initial price, par plus the index return; otherwise, par plus the index return, subject to minimum return of 12.8% and maximum return of 15%
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Initial level: | 1,307.40
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agents: | Barclays Capital
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Fees: | 2%
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Cusip: | 06738KCR0
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