Published on 1/21/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.99 million SuperTrack notes tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 21 – Barclays Bank plc priced $2.99 million of 0% SuperTrack notes due July 22, 2021 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 5 times any index gain, up to a 28.7% maximum gain.
Otherwise, investors will lose 1% for every 1% decline of the index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $2,988,000
|
| Maturity: | July 22, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 5 times any index gain, up to a 28.7% maximum gain; par if index falls by up to 30%; full exposure to loss
|
| Initial index level: | 3,808.26
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 22
|
| Agent: | Barclays
|
| Fees: | 2.25%
|
| Cusip: | 06747P3Q0
|
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