Published on 4/25/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.23 million SuperTrack notes tied to index, fund
By Susanna Moon
Chicago, April 25 – Barclays Bank plc priced $1.23 million of 0% SuperTrack notes due Oct. 25, 2021 linked to the Russell 2000 index and the PowerShares QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 4 times the gain of the worse performing index or fund up to a maximum return of 41.5%.
If either asset falls but ends at or above its 60% barrier level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying assets: | Russell 2000 index and PowerShares QQQ Trust, Series 1
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| Amount: | $1,233,000
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| Maturity: | Oct. 25, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 4 times return of worse performing asset up to maximum return of 41.5%; if either asset falls by up to 40%, par; otherwise, 1% loss per 1% decline of worse performing asset
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| Initial levels: | 1,564.12 for Russell, $162.30 for fund
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| Barrier levels: | 938.47 for Russell, $97.38 for fund, 60% of initial levels
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| Pricing date: | April 20
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| Settlement date: | April 25
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| Agent: | Barclays
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| Fees: | 0.75%
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| Cusip: | 06746X6J7
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