Published on 6/21/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.04 million buffered Super Track notes linked to ETF, S&P 500
By Angela McDaniels
Tacoma, Wash., June 21 - Barclays Bank plc priced $9.04 million of 0% buffered Super Track notes due June 22, 2015 linked to an equity basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 65% weight and the iShares MSCI EAFE index fund with a 35% weight.
The payout at maturity will be par plus 140% of any increase in the basket. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that it declines 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 basket: | S&P 500 index (65% weight) and iShares MSCI EAFE index fund (35% weight)
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Amount: | $9,036,000
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Maturity: | June 22, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any basket gain; par if basket falls by 10% or less; 1% loss for every 1% that basket declines beyond 10%
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Initial levels: | 1,271.5 for index and $58.68 for ETF
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Pricing date: | June 17
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Settlement date: | June 22
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Agent: | Barclays Capital Inc.
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Fees: | 0.75%
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Cusip: | 06738KTT8
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