By Angela McDaniels
Tacoma, Wash., March 15 - Barclays Bank plc priced $1.62 million of buffered iSuper Track notes due March 17, 2014 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
Noteholders will receive $10.00 per note each quarter.
If the fund's final share price is greater than the initial price, the payout at maturity will be par plus the fund return, subject to a 6.5% cap on the fund's return. Investors will receive par if the share price declines by 15% or less and will lose 1% for each 1% that it declines beyond 15%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered iSuper Track notes
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Underlying ETF: | iShares Dow Jones U.S. Real Estate index fund
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Amount: | $1,617,000
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Maturity: | March 17, 2014
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Periodic amount: | $10.00 per quarter
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Price: | Par
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Payout at maturity: | Par plus any fund gain, subject to 6.5% cap on fund's return; par if fund declines by 15% or less; 1% loss for each 1% decline beyond 15%
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Initial share price: | $62.02
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Pricing date: | March 13
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Settlement date: | March 16
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06738KT68
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