By Toni Weeks
San Diego, Nov. 29 - Barclays Bank plc priced an additional $470,000 of 0% Super Track notes due Feb. 5, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $2.82 million, increased from $2.35 million.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 1.21 times the index return.
If the final index level is at least 50% of the initial level but less than the initial level, the payout will be par.
If the final index level is less than 50% of the initial level, investors will be fully exposed to the decline from the initial level.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track notes
|
| Underlying index: | S&P 500
|
| Amount: | $2.82 million, increased from $2.35 million
|
| Maturity: | Feb. 5, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.21 times any index gain; par if index falls by 50% or less; full exposure to decline if index falls by more than 50%
|
| Initial index level: | 1,216.13
|
| Barrier level: | 608.07, 50% of initial level
|
| Pricing dates: | Nov. 17 for $2.35 million; Nov. 28 for $470,000
|
| Settlement date: | Nov. 30
|
| Agent: | Barclays Capital Inc.
|
| Fees: | 3%
|
| Cusip: | 06738KZP9
|
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