Published on 11/28/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.46 million buffered SuperTrack notes linked to Dow
By Devika Patel
Knoxville, Tenn., Nov. 28 – Barclays Bank plc priced $1.46 million of 0% buffered SuperTrack notes due Nov. 26, 2021 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 121% of the index return. If the index return is flat or negative but the index declines by no more than the 15% buffer, the payout will be par. Investors will lose 1% for each 1% decline beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying index: Dow Jones industrial average
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Amount: | $1,463,000
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Maturity: | Nov. 26, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 121% of any index gain; par if index falls by no more than the 15% buffer; 1% loss for each 1% decline beyond the buffer
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Initial level: | 19,023.87
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06741VE32
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