Published on 5/27/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4 million buffered Super Track notes linked to Dow Industrials
By Susanna Moon
Chicago, May 27 - Barclays Bank plc priced $4 million of 0% buffered Super Track notes due May 31, 2016 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Dow Jones Industrial Average
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Amount: | $4 million
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Maturity: | May 31, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain; 1% loss for every 1% decline beyond 10%
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Initial level: | 12,394.66
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | Barclays Capital Inc.
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Fees: | 3.2%
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Cusip: | 06738KJX0
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