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Published on 9/30/2016 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.11 million of buffered SuperTrack notes tied to Dow

By Wendy Van Sickle

Columbus, Ohio, Sept. 30 – Barclays Bank plc priced $1.11 million of 0% buffered SuperTrack notes due Sept 30, 2021 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.22 times the index return.

If the index return is flat or declines by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:Dow Jones industrial average
Amount:$1,111,000
Maturity:Sept. 30, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.22 times any index gain; par if index falls by no more than the 15% buffer; otherwise, 1% loss for each 1% decline beyond the buffer
Initial level:18,228.30
Pricing date:Sept. 27
Settlement date:Sept. 30
Agent:Barclays
Fees:3.5%
Cusip:06741VAV4

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