Published on 5/27/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.4 million Super Track notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 27 – Barclays Bank plc priced $1.4 million of 0% Super Track notes due April 26, 2018 linked to the Euro Stoxx 50 index, 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 200% of the index return, subject to a 40% maximum return. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will be fully exposed to the index’s decline from its initial 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: | $1.4 million
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Maturity: | April 26, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, subject to 40% maximum return; if index declines by 25% or less, par; if index declines by more than 25%, full exposure to index’s decline from initial level
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Initial index level: | 3,679.14
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Barrier level: | 2,759.36, 75% of initial level
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Pricing date: | May 22
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Settlement date: | May 28
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06741UWV2
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