Published on 8/4/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $731,000 buffered SuperTrack notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 4 – Barclays Bank plc priced $731,000 of 0% buffered SuperTrack notes due Aug. 1, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.47 times any gain in the index capped at par plus 33%.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the 25% buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $731,000
|
| Maturity: | Aug. 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.47 times any index gain; par if index falls by up to 25%; 1% loss for each 1% decline beyond 25%
|
| Initial level: | 3,493.14
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 1
|
| Agent: | Barclays
|
| Fees: | 3.5%
|
| Cusip: | 06744CCT6
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
