By Susanna Moon
Chicago, April 23 - Barclays Bank plc priced $3.5 million of 0% buffered Super Track notes due Oct. 24, 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 1.5 times any index gain, up to a maximum return of 17.475%.
Investors will receive par if the falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3.5 million
|
| Maturity: | Oct. 24, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 17.475%; par if index falls by 20% or less; 1.25% loss per 1% decline beyond 20%
|
| Initial level: | 1,376.92
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | Barclays Capital Inc.
|
| Fees: | None
|
| Cusip: | 06738K3W9
|
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