Published on 7/30/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $670,000 buffered SuperTrack digital notes on S&P 500
By Marisa Wong
Madison, Wis., July 30 - Barclays Bank plc priced $670,000 of 0% buffered SuperTrack digital notes due July 31, 2014 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 20% and will lose 1% for each 1% decline beyond 20%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $670,000
|
| Maturity: | July 31, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index stays flat or gains, par plus 12%; par if index falls 20% or less; 1% loss per 1% drop beyond 20%
|
| Initial index level: | 1,385.97
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 2.45%
|
| Cusip: | 06741TCG0
|
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