Published on 11/7/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.07 million SuperTrack notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Nov. 7 – Barclays Bank plc priced $1.07 million of 0% SuperTrack notes due Nov. 3, 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 2.1 times the index return. Investors will receive par if the index falls by up to 30%. If the index declines beyond 30%, investors will lose 1% for each 1% that the index declines from its initial level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.07 million
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Maturity: | Nov. 3, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 210% 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
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Initial index level: | 3,673.95
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Barrier level: | 2,571.77, 70% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Agent: | Barclays
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Fees: | 1.85%
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Cusip: | 06744C5K3
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