Published on 1/12/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.22 million SuperTrack notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Jan. 12 – Barclays Bank plc priced $2.22 million of 0% SuperTrack notes due Jan. 14, 2021 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 2.12 times any gain in the index.
If the index falls by up to 30%, the payout will be par.
If the index falls by more than 30%, investors will lose 1% for every 1% decline below the initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,218,000
|
| Maturity: | Jan. 14, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2.12 times any index gain; par if index falls by up to 30%; otherwise, 1% loss for every 1% decline below initial level
|
| Initial index level: | 3,609.83
|
| Barrier level: | 2,526.88, 70% of initial level
|
| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 16
|
| Agent: | Barclays
|
| Fees: | 0.65%
|
| Cusip: | 06744CRV5
|
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