Published on 3/9/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $676,000 barrier SuperTrack notes tied to Stoxx 50, Dow
By Susanna Moon
Chicago, March 9 – Barclays Bank plc priced $676,000 of 0% buffered SuperTrack notes due Feb. 25, 2021 linked to the lesser performing of the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level, the payout at maturity will be par plus 2.5 times the gain of the worse performing index up to a maximum return of 48%.
If either index falls by up to its 55% barrier level, the payout will be par.
Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | Euro Stoxx 50 index, Dow Jones industrial average
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Amount: | $676,000
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Maturity: | Feb. 25, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 2.5 times return of worse performing index, capped at 48%; if either index falls by up to 45%, par; otherwise, par plus return of worse performing index
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Initial levels: | 3,431.99 for Stoxx, 24,962.48 for Dow
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Barrier levels: | 1,887.59 for Stoxx, 13,729.36 for Dow, 55% of initial levels
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Pricing date: | Feb. 22
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Settlement date: | Feb. 27
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Agent: | Barclays
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Fees: | 2.85%
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Cusip: | 06744CTL5
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