Published on 12/1/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.7 million buffered SuperTrack notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Dec. 1 – Barclays Bank plc priced $3.7 million of 0% buffered SuperTrack notes due May 26, 2020 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 any gain in the index.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3.7 million
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| Maturity: | May 26, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 3,561.41
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| Pricing date: | Nov. 20
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| Settlement date: | Nov. 24
|
| Agent: | Barclays
|
| Fees: | 3%
|
| Cusip: | 06744CMM0
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