E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/11/2013 in the Prospect News Structured Products Daily.

Barclays plans Super Track notes linked to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., Jan. 11 - Barclays Bank plc plans to price 0% Super Track notes due July 17, 2014 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the increase, subject to a maximum return of 30.25%.

If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, the payout will be par. The barrier level will be 80% of the initial index level.

If the final index level is less than the barrier level, investors will be fully exposed to the index's decline from its initial level.

Barclays is the agent.

The notes will price Jan. 14 and settle Jan. 17.

The Cusip number is 06741TMV6.


© 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.