By Jennifer Chiou
New York, Aug. 15 - Barclays Bank plc priced $2.85 million of 0% digital Super Track notes due Feb. 28, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closes below 70% of the initial level during the life of the notes.
If no barrier event occurs, the payout at maturity will be par plus the 20% digital percentage.
If a barrier event does occur, investors will receive par plus the index return, with full exposure to losses and gains capped at 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Digital Super Track notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.85 million
|
| Maturity: | Feb. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 20% if index does not close below barrier level during life of notes; otherwise, par plus index return, capped at 20%
|
| Initial level: | 695.89
|
| Barrier level: | 487.12, 70% of initial level
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 26
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738KSC6
|
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