Published on 5/12/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.33 million SuperTrack notes tied to Russell, Dow
New York, May 12 – Barclays Bank plc priced $2.33 million of 0% SuperTrack notes due May 13, 2022 linked to the lesser performing of the Russell 2000 index and the Dow Jones Industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level, the payout at maturity will be par plus 2.5 times the gain of the worse performing index capped at par plus 125%.
If either index falls but by no more than 40%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | Russell 2000 index, Dow Jones Industrial average
|
| Amount: | $2,325,000
|
| Maturity: | May 13, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 2.5 times the gain of worse performing index capped at par plus 125%; if either index falls but by no more than 40%, par; if either index falls below 60% of initial level, full exposure to any loss of worse performing index.
|
| Initial levels: | 1,399.59 for Russell, 20,943.11 for Dow
|
| Barrier levels: | 839.75 for Russell, 12,565.87 for Dow; 60% of initial levels
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Agent: | Barclays
|
| Fees: | 0.7%
|
| Cusip: | 06741VV74
|
© 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.
