Published on 9/27/2012 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2 million buffered Super Track notes tied to S&P 500
By Jennifer Chiou
New York, Sept. 27 - Barclays Bank plc priced $2 million of 0% buffered Super Track digital notes due Sept. 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is flat or positive, the payout at maturity will be par plus the 10.5% digital percentage.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the 20% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track digital notes
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Underlying index: | S&P 500
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Amount: | $2 million
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Maturity: | Sept. 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is flat or positive, par plus 10.5%; par if index stays flat or declines by up to 20%; exposure to losses beyond 20%
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Initial level: | 1,433.32
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Pricing date: | Sept. 26
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Settlement date: | Sept. 28
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Agent: | Barclays
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Fees: | 2.45%
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Cusip: | 06741TFT9
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