Published on 6/24/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.33 million 5.05% buffered Super Track notes on S&P 500, Russell
By Susanna Moon
Chicago, June 24 - Barclays Bank plc priced $10.33 million buffered Super Track notes due Dec. 24, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will have a coupon of 5.05%, payable quarterly.
The payout at maturity will be par unless the return of the lesser performing index is less than negative 15%, in which case investors will lose 1.1765% for every 1% that the lesser performing index declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $10,326,000
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Maturity: | Dec. 24, 2014
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Coupon: | 5.05%, payable quarterly
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Price: | Par
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Payout at maturity: | Par unless lesser performing index falls by more than 15%, in which case 1.1765% loss per 1% decline beyond 15%
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Initial level: | 1,628.93 for S&P, 986.50 for Russell
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Buffer amount: | 15%
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Pricing date: | June 19
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Settlement date: | June 24
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Agent: | Barclays
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Fees: | 0.05%
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Cusip: | 06741TXT9
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