Published on 7/17/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.5 million buffered Super Track notes linked to real estate ETF
By Marisa Wong
Madison, Wis., July 17 - Barclays Bank plc priced $1.5 million of 0% buffered Super Track notes due Oct. 18, 2013 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the exchange-traded fund's final share price is greater than the initial share price, the payout at maturity will be par plus double the fund return, subject to a maximum return of 21.14%. Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for every 1% that it declines beyond 10%.
Barclays Capital Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying ETF: | iShares Dow Jones U.S. Real Estate index fund
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Amount: | $1.5 million
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Maturity: | Oct. 18, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund return is positive, par plus double fund return, capped at 21.14%; par if fund declines by up to 10%; 1.1111% loss for every 1% drop beyond the 10% buffer
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Initial share price: | $65.21
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Pricing date: | July 13
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Settlement date: | July 18
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Agent: | Barclays Capital Inc.
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Fees: | 0.25%
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Cusip: | 06741TCS4
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