Published on 10/25/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.14 million buffered SuperTrack notes tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Oct. 25 – Barclays Bank plc priced $2.14 million of 0% buffered SuperTrack notes due Oct. 24, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum payout of $1,602.50 per $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2.14 million
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Maturity: | Oct. 24, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at $1,602.50 per $1,000 of notes; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | 3,077.65
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Pricing date: | Oct. 21
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Settlement date: | Oct. 26
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Agent: | Barclays
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Fees: | 2.35%
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Cusip: | 06741VD90
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