E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/30/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.19 million SuperTrack notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 30 – Barclays Bank plc priced $1.19 million of 0% SuperTrack notes due April 29, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.9185 times the index return. Investors will receive par if the index falls by up to 25%. If the index declines beyond 25%, investors will lose 1% for each 1% that the index declines from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:SuperTrack notes
Underlying index:Euro Stoxx 50
Amount:$1,187,000
Maturity:April 29, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 191.85% of any index gain; par if final index level is less than or equal to initial level but greater than or equal to barrier level; 1% loss for each 1% that index declines from initial level if final index level is less than barrier level
Initial index level:3,637.20
Barrier level:2,727.90, 75% of initial level
Pricing date:Oct. 26
Settlement date:Oct. 31
Agent:Barclays
Fees:2.75%
Cusip:06744C7J4

© 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.