Published on 5/19/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $11.53 million Super Track notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, May 19 – Barclays Bank plc priced $11.53 million of 0% Super Track notes due Nov. 20, 2018 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 1.54 times any index gain.
Investors will receive par if the index falls by up to 55% and will be fully exposed to any losses if the index finishes below the 85% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying index: | Euro Stoxx 50
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Amount: | $11,529,000
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Maturity: | Nov. 20, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.54 times any index gain; if index declines by 15% or less, par; full exposure to any losses if index finishes below barrier level
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Initial index level: | 3,573.07
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Barrier level: | 3,037.11, 85% of initial level
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Pricing date: | May 15
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Settlement date: | May 20
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Agent: | Barclays
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Fees: | 3%
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Cusip: | 06741UWL4
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