Published on 9/25/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7.14 million buffered Super Track notes on Euro Stoxx 50
By Jennifer Chiou
New York, Sept. 25 – Barclays Bank plc priced $7,142,000 of 0% buffered Super Track notes due March 24, 2016 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 1.25 times any index gain, subject to a maximum return of 23.375%. Investors will receive par if the index falls by up to 10% and will lose 1.11111% for each 1% that it declines beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Euro Stoxx 50
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Amount: | $7,142,000
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Maturity: | March 24, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any index gain, capped at 23.375%; par if index falls by up to 10%; 1.11111% loss for each 1% that index declines beyond 10%
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Initial index level: | 3,205.93
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Pricing date: | Sept. 23
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Settlement date: | Sept. 28
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Agent: | Barclays
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Fees: | 0.05%
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Cusip: | 06741UKG8
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