Published on 3/6/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.51 million buffered SuperTrack notes on the Dow
By Marisa Wong
Morgantown, W.Va., March 6 – Barclays Bank plc priced $3.51 million of 0% buffered SuperTrack notes due Feb. 28, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.12 times any gain in the index.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $3,508,000
|
| Maturity: | Feb. 28, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.12 times any index gain; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial index level: | 25,309.99
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Barclays
|
| Fees: | 4.35%
|
| Cusip: | 06744CUJ8
|
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