Published on 6/25/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.6 million Super Track notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., June 25 – Barclays Bank plc priced $3.6 million of 0% buffered Super Track notes due July 29, 2016 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 150% of the index return, subject to a 11.775% maximum return. If the index declines by 10% or less, the payout will be par. If the index declines by more than 10%, investors will be exposed to any losses beyond the 10% buffer.
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
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Amount: | $3.6 million
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Maturity: | July 29, 2016
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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 150% of index return, subject to 11.775% maximum return; if index declines by 10% or less, par; if index declines by more than 10%, exposure to index’s decline beyond 10%
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Initial index level: | 3,625.97
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Buffer level: | 90% of initial level
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Pricing date: | June 24
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Settlement date: | July 1
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Agent: | Barclays
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Fees: | 0.1%
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Cusip: | 06741UYV0
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