Published on 6/10/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $648,000 buffered SuperTrack notes linked to Dow
By Angela McDaniels
Tacoma, Wash., June 10 – Barclays Bank plc priced $648,000 of 0% buffered SuperTrack notes due May 28, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing 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 25% and will lose 1% for each 1% that the index may decline beyond 25%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Dow Jones industrial average
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Amount: | $658,000
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Maturity: | May 28, 2021
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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 25%; 1% loss for each 1% drop beyond 25%
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Initial index level: | 17,851.51
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06741WBS8
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