Published on 9/2/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $323,000 buffered Super Track notes linked to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., Sept. 2 – Barclays Bank plc priced $323,000 of 0% buffered Super Track notes due Feb. 28, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the lesser-performing index is positive, the payout at maturity will be par plus the return of the lesser-performing index.
If the return of the lesser-performing index is less than or equal to zero and greater than or equal to negative 22%, the payout will be par.
If the return of the lesser-performing index is less than negative 22%, investors will lose 1% for every 1% that it declines beyond 22%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $323,000
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Maturity: | Feb. 28, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of lesser-performing index is positive, par plus return of lesser-performing index; if return of lesser-performing index is less than or equal to zero and greater than or equal to negative 22%, par; if return of lesser-performing index is less than negative 22%, 1% loss for every 1% that it declines beyond 22%
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Initial index levels: | 1,940.51 for S&P 500 and 1,132.19 for Russell 2000
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06741UC93
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