Published on 3/16/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $902,000 buffered SuperTrack notes tied to Russell 2000
New York, March 16 – Barclays Bank plc priced $902,000 of 0% buffered SuperTrack notes due June 15, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, up to a maximum payout of par plus 15.5%.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% loss beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | Russell 200
|
| Amount: | $902,000
|
| Maturity: | June 15, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.5 times any index gain, capped at par plus 15.5%; par if the index falls by up to 5%; 1% loss for every 1% decline beyond 5%
|
| Initial index level: | 1,362.38
|
| Pricing date: | March 14
|
| Settlement date: | March 17
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06741VN32
|
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