Published on 6/12/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.89 million Super Track notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 12 – Barclays Bank plc priced $2.89 million of 0% Super Track notes due June 14, 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 160% of the index return, subject to a 51.2% 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
|
Issue: | Super Track notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2,885,000
|
Maturity: | June 14, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 160% of index return, subject to 51.2% 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
|
Initial index level: | 3,551.91
|
Barrier level: | 2,663.93, 75% of initial level
|
Pricing date: | June 11
|
Settlement date: | June 16
|
Agent: | Barclays
|
Fees: | 2%
|
Cusip: | 06741UYG3
|
© 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.