New Issue: Barclays sells $1.24 million SuperTrack notes tied to Stoxx 50, S&P 500

By Susanna Moon

Chicago, June 13 – Barclays Bank plc priced $1.24 million of 0% SuperTrack notes due Dec. 3, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level, the payout at maturity will be par plus 1.82 times the gain of the worse performing index.

If either index falls but by no more than 40%, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	SuperTrack notes
Underlying index:	Euro Stoxx 50 index, S&P 500 index
Amount:	$1,237,000
Maturity:	Dec. 3, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.82 times the gain of worse performing index; if either index falls but by no more than 40%, par; otherwise, full exposure to any loss of worse performing index
Initial levels:	3,561.22 for Stoxx, 2,412.91 for S&P
Barrier levels:	2,136.73 for Stoxx, 1,447.75 for S&P; 60% of initial levels
Pricing date:	May 30
Settlement date:	June 2
Agent:	Barclays
Fees:	3.8%
Cusip:	06741VV41

© 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.