Published on 6/26/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.44 million Super Track notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, June 26 – Barclays Bank plc priced $4,437,000 of 0% Super Track notes due Dec. 28, 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 170% of any index gain.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying index: | Euro Stoxx 50
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Amount: | $4,437,000
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Maturity: | Dec. 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 170% of any index gain; par if index declines by 15% or less; otherwise, full exposure to any losses if index falls below barrier level
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Initial index level: | 3,282.58
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Barrier level: | 2,790.19, 85% of initial index level
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Pricing date: | June 23
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Settlement date: | June 26
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Agent: | Barclays
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Fees: | 3%
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Cusip: | 06741UFA7
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