Published on 4/29/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $244,000 buffered SuperTrack notes linked to Dow
By Wendy Van Sickle
Columbus, Ohio, April 29 – Barclays Bank plc priced $244,000 of 0% buffered SuperTrack notes due April 29, 2021 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to the 20% buffer and will lose 1% for each 1% that it declines beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $244,000
|
| Maturity: | April 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by no more than the 20% buffer; exposure to any losses beyond the buffer
|
| Initial level: | 17,990.32
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agent: | Barclays
|
| Fees: | 3.5%
|
| Cusip: | 06741U7A6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
