New Issue: Barclays prices $242,000 buffered Super Track notes linked to gold

By Jennifer Chiou

New York, March 17 - Barclays Bank plc priced $242,000 of 0% buffered Super Track notes due Sept. 20, 2012 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any increase in the price of gold, subject to a maximum return of 19%. Investors will receive par if the price falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered Super Track notes
Underlying commodity:	Gold
Amount:	$242,000
Maturity:	Sept. 20, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any increase in gold, capped at 19%; par if price falls by up to 10% and exposure to losses beyond 10%
Initial gold price:	$1,400.50
Pricing date:	March 15
Settlement date:	March 18
Agent:	Barclays Capital Inc.
Fees:	None
Cusip:	06738KDC2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.