E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Super Track notes
Underlying index:Euro Stoxx 50
Amount:$4,437,000
Maturity:Dec. 28, 2017
Coupon:0%
Price:Par
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
Initial index level:3,282.58
Barrier level:2,790.19, 85% of initial index level
Pricing date:June 23
Settlement date:June 26
Agent:Barclays
Fees:3%
Cusip:06741UFA7

© 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.