Published on 12/30/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7.22 million buffered Super Track notes linked to Euro Stoxx
By Susanna Moon
Chicago, Dec. 30 - Barclays Bank plc priced $7.22 million of 0% buffered Super Track notes due June 23, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.55 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $7.22 million
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Maturity: | June 23, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 155% of any index gain; par if index fall by up to 25%; full exposure to any losses if index falls below barrier level
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Initial level: | 3,049.35
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Barrier level: | 2,287.01, or 75% of initial level
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Pricing date: | Dec. 20
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Settlement date: | Dec. 26
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Agent: | Barclays
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Fees: | 2.75%
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Cusip: | 06741T2J5
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