Published on 12/10/2010 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $20.86 million buffered Super Track notes on iShares MSCI EM
By Susanna Moon
Chicago, Dec. 10 - Barclays Bank plc priced $20.86 million of 0% buffered Super Track notes due Dec. 13, 2012 based on the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 32.25%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for each 1% decline 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 fund: | iShares MSCI Emerging Markets index fund
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Amount: | $20,858,000
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Maturity: | Dec. 13, 2012
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, capped at 32.25; 1% loss per 1% drop beyond 10%
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Initial fund level: | $46.41
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Pricing date: | Dec. 9
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Settlement date: | Dec. 14
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06740PQ82
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