By Jennifer Chiou
New York, Sept. 20 - Barclays Bank plc priced $3 million of 0% buffered Super Track notes due June 19, 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 fund finishes at or above the initial level, the payout at maturity will be par plus two times the fund return, capped at a maximum return of 48.5%.
Investors will receive par if the fund falls by up to 10% and will lose 1.11111% for every 1% decline beyond 10%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying ETF: | iShares Dow Jones U.S. Real Estate index fund
|
| Amount: | $3 million
|
| Maturity: | June 19, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 48.5%; 1.11111% loss per 1% drop beyond 10%
|
| Initial price: | $56.75
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 0.25%
|
| Cusip: | 06738KVJ7
|
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