Published on 12/28/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $12.86 million Super Track notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Dec. 28 – Barclays Bank plc priced $12.86 million of 0% Super Track notes due June 26, 2020 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 1.95 times any gain in the index.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline below the 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: | $12,858,000
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Maturity: | June 26, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.95 times any index gain; par if index falls by up to 25%; otherwise, 1% loss for each 1% decline
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Initial level: | 3,273.97
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Barrier level: | 2,455.48, 75% of initial level
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | Barclays
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Fees: | 2.75%
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Cusip: | 06741VEQ1
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