Published on 8/2/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $693,000 buffered Super Track notes linked to the Dow
By Marisa Wong
Morgantown, W.Va., Aug. 2 – Barclays Bank plc priced $693,000 of 0% buffered Super Track notes due July 29, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.21 times the return.
Investors will receive par if the index declines by up to 15% and will lose 1% for each 1% that the index declines beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered Super Track notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $693,000
|
Maturity: | July 29, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.21 times any index gain; par if the index falls by up to 15%; exposure to any declines beyond 15%
|
Initial level: | 18,473.75
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Agent: | Barclays
|
Fees: | 3.5%
|
Cusip: | 06741V6C1
|
|
© 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.