Published on 7/7/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.4 million of SuperTrack notes linked to Russell, Dow
By Devika Patel
Knoxville, Tenn., July 7 – Barclays Bank plc priced $1.4 million of 0% SuperTrack notes due June 23, 2022 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return of the lesser performing index is greater than zero, the payout at maturity will be par plus 1.89 times the index return.
If the worst-performing index return is flat or declines by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst-performing index from its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying indexes: | Russell 2000 and Dow Jones industrial average
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| Amount: | $1.4 million
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| Maturity: | June 23, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.89 times return of worst-performing index if both underliers gain; par if worst-performing index is flat or falls by up to 40%; 1% loss for every 1% decline of worst-performing index from initial level if it declines beyond 40%
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| Initial levels: | 1,402.97 for Russell and 21,467.14 for Dow
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| Barrier levels: | 841.78 for Russell and 12,880.28 for Dow; 60% of initial levels
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| Pricing date: | June 20
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| Settlement date: | June 23
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| Agent: | Barclays
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| Fees: | 0.75%
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| Cusip: | 06741VYQ9
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