Published on 2/21/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.58 million buffered SuperTrack notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Feb. 21 – Barclays Bank plc priced $3.58 million of 0% buffered SuperTrack notes due Aug. 21, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 43.5%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3.58 million
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| Maturity: | Aug. 21, 2019
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, return capped at 43.5%; par if the index falls by up to 20%; 1.25% loss for each 1% decline beyond 20%
|
| Initial level: | 3,323.71
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 21
|
| Agent: | Barclays
|
| Fees: | 1.75%
|
| Cusip: | 06741VKN1
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