Published on 1/10/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.24 million buffered Super Track notes tied to S&P 500
By Marisa Wong
Madison, Wis., Jan. 10 - Barclays Bank plc priced $4.24 million of 0% buffered Super Track notes due May 9, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times the index return if the index return is positive, subject to a maximum return of 15%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
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: | S&P 500
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Amount: | $4.24 million
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Maturity: | May 9, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of any index gain, up to maximum return of 15%; par if index falls by 15% or less; 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 1,277.81
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Pricing date: | Jan. 6
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Settlement date: | Jan. 11
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Agent: | Barclays Capital Inc.
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Fees: | 0.25%
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Cusip: | 06738KG70
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