Published on 8/3/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.24 million SuperTrack notes on OMX Stockholm 30
By Marisa Wong
Morgantown, W.Va., Aug. 3 – Barclays Bank plc priced $2.24 million of 0% SuperTrack notes due July 31, 2019 linked to the FX adjusted performance of the OMX Stockholm 30 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.53 times the index return. If the index return is negative, investors will have one-to-one exposure to the decline.
The index return is calculated as (a) (i) the final index level times the final FX rate divided by (ii) the initial index level times the initial FX rate minus (b) 100%. The FX rate is the Swedish krona/U.S. dollar exchange rate.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | OMX Stockholm 30 index
|
| FX rate: | Swedish krona/U.S. dollar exchange rate
|
| Amount: | $2,235,000
|
| Maturity: | July 31, 2019
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index return is positive, par plus 1.53 times the index return; if the index return is negative, one-to-one exposure to the decline
|
| Index return: | (a) (i) final index level times the final FX rate divided by (ii) the initial index level times the initial FX rate minus (b) 100%
|
| Initial index level: | 1,580.22
|
| Initial FX rate: | 0.121554
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Barclays
|
| Fees: | 1.5%
|
| Cusip: | 06744CDA6
|
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