Published on 9/4/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $635,000 buffered SuperTrack notes tied to Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Sept. 4 – Barclays Bank plc priced $635,000 of 0% buffered SuperTrack notes due Aug. 31, 2023 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 2.15 times any index gain.
Investors will receive par if the index falls by up to 30% and will be exposed to any losses beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying asset: Euro Stoxx 50 index
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Amount: | $635,000
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Maturity: | Aug. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 2.15 times return; if index falls by up to 30%, par; otherwise, 1% loss per 1% decline beyond 30%
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Initial level: | 3,447.57
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | Barclays
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Fees: | 4.125%
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Cusip: | 06746XLM3
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