Published on 12/27/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million buffered SuperTrack notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Dec. 27 – Barclays Bank plc priced $1 million of 0% buffered SuperTrack notes due Dec. 26, 2019 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 1.54 times any gain in the index.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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: | $1 million
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Maturity: | Dec. 26, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.54 times any index gain; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
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Initial index level: | 3,552.65
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Pricing date: | Dec. 20
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Settlement date: | Dec. 26
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Agent: | Barclays
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Fees: | 1.75%
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Cusip: | 06744CPU9
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