Published on 6/24/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.33 million buffered Super Track notes linked to Stoxx
By Susanna Moon
Chicago, June 24 – Barclays Bank plc priced $1.33 million of 0% buffered Super Track notes due July 24, 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 2.5 times any gain in the index, up to a maximum return of 19%.
If the index falls by up to 5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 5%.
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: | $1,331,000
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Maturity: | July 24, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.5 times any index gain, capped at 19%; par if index falls by up to 5%; otherwise, 1% loss for each 1% drop beyond 5%
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Initial level: | 2,967.34
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Pricing date: | June 21
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Settlement date: | June 24
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Agent: | Barclays
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Fees: | 0.43%
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Cusip: | 06741V5E8
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