Published on 7/18/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.53 million Super Track notes linked to BHP Billiton
By Jennifer Chiou
New York, July 18 – Barclays Bank plc priced $3,529,000 of 0% Super Track notes due July 21, 2016 linked to the American Depositary Shares of BHP Billiton Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If the return is positive, the payout at maturity will be par plus 140% of the share return.
Investors will be exposed to any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying stock: | BHP Billiton Ltd. (Symbol: BBL)
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Amount: | $3,529,000
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Maturity: | July 21, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return positive, par plus 140% of stock return; exposure to any losses
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Initial price: | $72.95
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Pricing date: | July 16
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Settlement date: | July 21
|
Agent: | Barclays
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Fees: | 2%
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Cusip: | 06741UGC2
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