Published on 5/19/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $500,000 buffered Super Track notes linked to S&P 500
By Susanna Moon
Chicago, May 19 - Barclays Bank plc priced $500,000 of 0% buffered Super Track notes due May 22, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 20%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 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 index: | S&P 500
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Amount: | $500,000
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Maturity: | May 22, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 20%; 1% loss for every 1% decline beyond 10%
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Initial price: | 1,328.98
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Pricing date: | May 17
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Settlement date: | May 20
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Agent: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 06738KHV6
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