Published on 2/11/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.05 million buffered Super Track notes tied to S&P GSCI Excess Return
By Jennifer Chiou
New York, Feb. 11 - Barclays Bank plc priced $1,049,000 of 0% buffered Super Track notes due Feb. 9, 2017 linked to the S&P GSCI Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return is positive, the payout at maturity will be par plus the index gain, capped at 18%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | S&P GSCI Excess Return
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Amount: | $1,049,000
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Maturity: | Feb. 9, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 18%; par if index fall by up to 15%; 1% loss per 1% drop beyond 15%
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Initial level: | 463.6659
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Pricing date: | Feb. 6
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Settlement date: | Feb. 11
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741T4Y0
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