E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/17/2012 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $5.93 million buffered Super Track digital notes linked to S&P 500

By Marisa Wong

Madison, Wis., April 17 - Barclays Bank plc priced $5.93 million of 0% buffered Super Track digital notes due July 22, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus a digital return of 12%.

Investors will receive par if the index falls by up to 10% and will lose 1.111% for each 1% decline beyond 10%.

Barclays Capital Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Buffered Super Track digital notes
Underlying index:S&P 500
Amount:$5,932,000
Maturity:July 22, 2013
Coupon:0%
Price:Par
Payout at maturity:If index stays flat or gains, par plus 12%; par if index falls 10% or less; 1.111% loss per 1% drop beyond 10%
Initial index level:1,370.26
Pricing date:April 13
Settlement date:April 18
Agent:Barclays Capital Inc.
Fees:1%
Cusip:06738K3P4

© 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.