Published on 6/4/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.65 million buffered SuperTrack notes on Euro Stoxx
By Sarah Lizee
Olympia, Wash., June 4 – Barclays Bank plc priced $1.65 million of 0% buffered SuperTrack notes due Sept. 5, 2019 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 2.5 times any index gain, subject to a maximum return of 27%.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered SuperTrack notes
|
Underlying asset: | Euro Stoxx 50 index
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Amount: | $1,653,000
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Maturity: | Sept. 5, 2019
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index gains, par plus 2.5 times return, subject to a maximum return of 27%; if index falls by up to 5%, par; otherwise, 1% loss per 1% decline beyond 5%
|
Initial level: | 3,441.19
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Pricing date: | May 30
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Settlement date: | June 4
|
Agent: | Barclays
|
Fees: | 0.8%
|
Cusip: | 06746XCB7
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