Published on 8/28/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.04 million buffered Super Track notes tied to the Dow
By Susanna Moon
Chicago, Aug. 28 – Barclays Bank plc priced $4.04 million of 0% buffered Super Track notes due Aug. 29, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Dow Jones industrial average
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Amount: | $4,037,000
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Maturity: | Aug. 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 20%; 1% loss for each 1% drop beyond 20%
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Initial index level: | 17,106.70
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Pricing date: | Aug. 26
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Settlement date: | Aug. 29
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Agent: | Barclays
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Fees: | 3%
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Cusip: | 06741UGQ1
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