Published on 12/13/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.23 million barrier SuperTrack notes tied to Stoxx 50
By Susanna Moon
Chicago, Dec. 13 – Barclays Bank plc priced $2.23 million of 0% SuperTrack notes due Dec. 3, 2021 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 2.23 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below its 70% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | SuperTrack notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $2,225,000
|
Maturity: | Dec. 3, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 223% of any index gain; if index falls by up to 30%, par; otherwise, full exposure to any losses
|
Initial level: | 3,569.93
|
Barrier level: | 2,498.95, 70% of initial level
|
Pricing date: | Nov. 30
|
Settlement date: | Dec. 5
|
Agent: | Barclays
|
Fees: | 1.85%
|
Cusip: | 06744CK83
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.